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Bhushan Steel’s lenders to extend loan tenure

05 Jun 2015 Evaluate

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).

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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