Tata Steel Ltd.

Tata Steel’s wholly-owned subsidiary -- Bamnipal Steel has successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel. The company will be paying Rs 1,200 to operational creditors of Bhushan Steel over a period of 12 months.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.