1983 - The company was incorporated on 7thJanuary, under the name of
Jawahar Metal Industries Private Limited for the manufacture of cold
rolled steel strips and steel ingots at Sahibabad Industrial Area,
1987 - On 14th January, Brij Bhushan Singal and his sons Sanjay
Singal and Neeraj Singal and associate companies took over the
management of the company by acquiring the entire share capital of
1989 - The company undertook the setting up of a new plant for the
manufacture of wide width Cold Rolled Steel Strips with integrated
- The company became a deemed public limited company under Section
43-A (I-A) of the Companies Act, 1956 with effect from 14th July.
1992 - The name of the company was changed to the present name of
Bhushan Steel & Strips
Limited and fresh Certificate of Incorporation was issued on 9th
- The company completed the expansion of the cold rolling plant in
1993 - The company made its maiden Public Issue of 22 lac equity
shares of Rs.10 each
at a premium of Rs.55 share aggregating Rs. 1430 lacs in
- The shares of the company were listed on the Delhi Stock Exchange
on 22nd December
consequent to which the company became a widely held listed public
- The Company allotted 26,43,600 No. of Equity Shares of Rs.10 each
at a premium of Rs.55 per share on 3rd December. As a result of
this, the total issued capital of the Company has increased to Rs.
1994 - The galvanising plant was commissioned in January. Presently
the company has
facilities for the manufacture of 1,20,000 tonnes per' annum of wide
width cold rolled steel strips and 1,00,000 tonnes per annum of
- The Company proposes to set up a new plant for manufacture of 1.5
lac tpa of wide width CRCA Coils with further integration by way of
40,000 tpa of Galvanised Sheets at an adjacent/contiguous location to
the existing plant facilities at Sahibabad Industrial Area, Distt.
Ghaziabad in Uttar Pradesh.
- The Company proposes to set up an Integrated Steel Plant for
manufacture of 1.2 Million Tonnes per year of H.R. Coils at Daitari
in the State of Orissa.
- The Company has engaged Metallurgical & Engineering Consultants
(India) Ltd. (MECON) as engineering Consultants for setting up the
Integrated steel plant.
1995 - The Cold Rolling Expansion the Company is installing state of
the art 1600mm width 6HI combination Universal Crown Mill (UCM) of
Hitachi, Japan with sophisticated features for shape control and
surface finish to cater to the requirements of the automobile and
white goods sector.
- The Company offered a Right Issue of 82,50,000 Unsecured Zero
lnterest Convertible Debentures aggregating Rs. 5362.50 lacs with
Detachable Warrants which was well received by the shareholders and
was over subscribed.
- The Company also made a Public Issue of 68,94,800 - 14% Unsecured
Fully Convertible Debentures aggregating Rs. 16750 Lacs including
firm allotment of 20,24,800 Debentures aggregating Rs. 5062 Lacs.
- Bhushan Capital & Credit Services Ltd. and Jawahar Credit &
Holdings Ltd. are subsidiaries of the Company.
1996 - The Part B of 68,94,800 14% unsecured fully convertible
Debentures aggregating Rs 8375 Lacs have been converted into Equity
Shares w.e.f. 1st April.
1998 - With the commissioning of the new plant recently set up at
company's existing site at Sahibabad (UP), the company is now
exploring further growth possibilities of setting up a modern Cold
Rolling cum Galvanizing Unit at West Coast of the Country.
- The Delhi-based Bhushan Steel and Strips Ltd to setup two steel
cold rolling and galvanising units - one near Haldia and the other
at Patalganga, near Mumbai.
- The Rs.800-crore Bhuhsan Steel has commissioned a cold rolled steel
plant at Ghaziabad, in collaboration with Sumitomo of Japan, which
will cater to the needs of the automotive sector.
1999 - During the year, the company has set up a dedicated service
centre for large OEM customers at Sahibabad so as to ensure supplies
to them on 'just in time' concept.
2000 - The Delhi-based Bhushan Steel and Strips' to set up a Rs 750
crore cold rolled steel plant is likely to hit a road block.
- The company has proposed to set up a steel plant with a 2.8 m t
p.a capacity on 5,000 acres of land in a two-phase programme.
- Bhushan Steel & Strips is to set up Rs 4,000 crore, 2.5 million
tonne hot-rolled coil steel plant.
- The company is also exploring possibility of raising funds through
the GDR and ADR route.
- The Board has approved amalgamation of Bhushan Ltd. with the
company and setting up project of 2,50,000 tpa Cold Rolled Products
-Strikes an important position in the market for cold rolled steel
for automobiles, feeding over 70% of demand for car bodies.
-Enters into a strategic alliance with Sumitomo Metal Industries of
Japan under which, the latter has further extended process know-how
for the manufacture of automotive steel sheets for a period of six
-Board approves the setting up of Hot Rolled Coil Project in Orissa
-Sanjay Singal resigns as Managing Director of the company
-Board approves Delisting of Equity Shares from Ahmedabad, Calcutta &
Delhi Stock Exchanges
-Bhushan Steel awards Rs 36 cr order for BHEL
-Delists shares from Ahmedabad and Delhi Stock Exchanges
-Bhushan Steel & Strips Ltd has informed that Sh. Sanjay Singal, has
ceased to be a Director of the Company w.e.f. October 18, 2006.
-Company name has been changed from Bhushan Steel & Strips Ltd to
Bhushan Steel Ltd
-Bhushan Steel Ltd has informed that w.e.f. September 23, 2008, Sh. B
B Tandon has been appointed as an Additional Director on the Board of
the Company as a Independent Non-Executive Director.
-Bhushan Steel Ltd has informed that the Company has signed two Joint
Ventures with Bowen Energy Ltd., Australia regarding exploration and
commissioning of coal mine(s) in Australia.
-Bhushan Steel - MoU with Madhya Pradesh Govt.
-Bhushan Steel buys Aussie exploration firm
- Bhushan Steel Ltd has informed that Life Insurance Corporation of
India has appointed Smt. Sunita Sharma, their representative as a
Nominee Director on the Board of the Company.
-Company has splits its Face value of Shares from Rs 10 to Rs 2
-BhushanSteel has recommended Dividend on Equity Shares @ Re. 0.50
- BhushanSteel has recommended Dividend on Equity Shares @ Re. 0.50
per share recommended for the year ended March 31, 2012.
-Bhushan Steel Ltd Issues Rights in the Ratio of 1:15