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CARE assigns ‘A1 (SO)’ rating to Bhushan Steel’s PTC

05 Apr 2013 Evaluate

Credit rating agency, CARE has assigned ‘A1 (SO)’ rating to Bhushan Steel’s Pass Through Certificates (PTC) worth Rs 100 crore.

The company has received the said rating on the back of its experience of the promoters, established track record in the steel industry and 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).

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