Credit rating agency, CARE has assigned A+ rating to Rs 800 crore to Bhushan Steel’s proposed Non-Convertible Debentures-II (NCD-II) programme.
The company has received the said rating on the back of resourcefulness and experience of the promoters of the company, its established track record in the steel industry and its consistently profitable operations over the years.
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).
