Bhushan Steel’s lenders have agreed to restructure the loans and extend the tenure of the loans to 25 years from 8 years earlier under the Reserve Bank of India's (RBI) 5:25 scheme.
Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).