Bhushan Steel has informed that the board of directors of the company at its meeting held on July 31, 2012, has considered and approved the dividend recommended on preference shares at the rate of Rs. 10.00 per share for the year ended March 31, 2012 proportionately from the date of allotment till year ended March 31, 2012 and the dividend on equity shares at the rate of Re. 0.50 per share recommended for the year ended March 31, 2012.
The above information is a part of company's filings submitted to BSE.