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  • Why JSW Steel is keen on closing its Bhushan Power & Steel acquisition Dec 07, 2020 12:49 PM IST

    Why JSW Steel is keen on closing its Bhushan Power & Steel acquisition

    A changed industry scenario makes it easier for JSW Steel to absorb the weight of the acquisition

  • CVC writes to government defending PNB Executive Director RK Yaduvanshi in Bhushan Steel case Aug 10, 2020 04:28 PM IST

    CVC writes to government defending PNB Executive Director RK Yaduvanshi in Bhushan Steel case

    The Commission seeks review of SFIO complaint, says ‘gross injustice’ is done to the officer; Bhushan Steel was one of India's largest loan defaulters and on the first list of cases suggested by the RBI for insolvency proceedings.

  • NCLAT reserves order on JSW Steel's Bhushan Power buyout Feb 05, 2020 09:50 AM IST

    NCLAT reserves order on JSW Steel's Bhushan Power buyout

    An NCLAT bench headed by Justice S J Mukhopadhaya concluded its hearing as arguments in all seven petitions, including JSW Steel and former promoters of Bhushan Power and Steel Ltd (BPSL), are over.

  • Bhushan Steel case: Delhi HC to hear next week ED's plea to modify order directing 'no coercive steps' Jan 14, 2020 05:20 PM IST

    Bhushan Steel case: Delhi HC to hear next week ED's plea to modify order directing 'no coercive steps'

    A bench of Chief Justice D N Patel and Justice C Hari Shankar listed the application for hearing on January 21 after Singal's counsel sought another date.

  • Bank fraud: ED attaches assets of over Rs 4,000 cr of Bhushan Steel Oct 12, 2019 05:47 PM IST

    Bank fraud: ED attaches assets of over Rs 4,000 cr of Bhushan Steel

    The central probe agency said it has attached land, building, plant and machinery of the firm located in Odisha under the provision of the Prevention of Money Laundering Act (PMLA).

  • BPSL lenders hold talks with JSW Steel on better takeover terms Sep 12, 2019 12:35 PM IST

    BPSL lenders hold talks with JSW Steel on better takeover terms

    Talks come as JSW Steel is unhappy with the takeover terms cleared by the NCLT. Banks tried to better the final terms for JSW, which had made two key demands, but were rejected by NCLT.

  • SC sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel Sep 12, 2019 11:49 AM IST

    SC sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel

    A bench headed by Justice N V Ramana delivered the verdict on an appeal by the Serious Fraud Investigation Office challenging the August order of the high court.

  • SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC Jul 24, 2019 06:09 PM IST

    SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC

    In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters

  • 100-Word Take | Tata Steel fortifies Bhushan Steel buy with Energy addition May 31, 2019 05:20 PM IST

    100-Word Take | Tata Steel fortifies Bhushan Steel buy with Energy addition

    Tata Steel adds heft to its Bhushan Steel acquisition with a successful bid for Bhushan Energy

  • Tata Steel reports strong Q4 performance led by volume growth; valuations reasonable Apr 26, 2019 09:53 AM IST

    Tata Steel reports strong Q4 performance led by volume growth; valuations reasonable

    At its April 25 closing price of Rs 510 per share, its stock is trading at seven times its FY20 estimated price-to-earnings, which is quite reasonable

  • 3 Point Analysis | Tata Steel BSL Q4 Apr 19, 2019 02:30 PM IST

    3 Point Analysis | Tata Steel BSL Q4

    Sakshi Batra does a 3 Point Analysis fine print of the result of Tata Steel's newly acquired company.

  • Tata Steel BSL: Striving for operating gains; more to follow Apr 19, 2019 11:00 AM IST

    Tata Steel BSL: Striving for operating gains; more to follow

    Tata Steel helped Bhushan to swiftly gain its lost production.

  • CBI raids Bhushan Steel and Power's premises in Rs 2,348 crore bank fraud case Apr 06, 2019 08:10 PM IST

    CBI raids Bhushan Steel and Power's premises in Rs 2,348 crore bank fraud case

    The searches were carried out at multiple locations in a number of cities, including the Delhi-NCR, Chandigarh and Kolkata at office and residential premises of the company, its directors and promoters and their associates, they said.

  • Tata Steel quietly takes 92% in the erstwhile Bhushan Steel through convertible shares Apr 04, 2019 11:28 AM IST

    Tata Steel quietly takes 92% in the erstwhile Bhushan Steel through convertible shares

    We expect that the Tata’s will play nice here – and either merge the company with Tata Steel, at a possible conversion price closer to Rs 30 per share (effectively) after conversion

  • Bhushan Steel is Tata Steel BSL now Nov 28, 2018 05:30 PM IST

    Bhushan Steel is Tata Steel BSL now

    Earlier, Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.

  • Tata Steel looks at unified branding for newly-acquired cos Nov 05, 2018 06:26 PM IST

    Tata Steel looks at unified branding for newly-acquired cos

    Bhushan Steel's own brand will continue to be in place for now, Anand Sen said.

  • Bhushan Steel Q2 net profit at Rs 60.7 crore Oct 30, 2018 09:09 PM IST

    Bhushan Steel Q2 net profit at Rs 60.7 crore

    Its total income during July-September quarter increased to Rs 5,907.47 crore, over Rs 4,325.60 crore in the year-ago period, the filing said.

  • Bhushan Steel output grows 23% to 1 MT in Q2 Oct 04, 2018 10:35 PM IST

    Bhushan Steel output grows 23% to 1 MT in Q2

    The company had produced 0.85 MT during the July-September period of 2017-18 fiscal, it said in a BSE filing.

  • Tata Steel aims to raise production at Bhushan Steel’s Odisha plant to 4 MT by FY19-end Sep 30, 2018 01:30 PM IST

    Tata Steel aims to raise production at Bhushan Steel’s Odisha plant to 4 MT by FY19-end

    Bhushan Steel's Odisha plant is presently operating at 3.5 million tonne against a capacity of 5 million tonne

  • With Usha Martin acquisition Tata Steel strikes while the iron is hot Sep 26, 2018 08:16 PM IST

    With Usha Martin acquisition Tata Steel strikes while the iron is hot

    Even at 90% capacity utilisation and assuming a 50% improvement in current EBITDA per tonne to about Rs 8250 per tonne over the next two years, it can potentially generate operating profits of about Rs 740 crore.

  • Bhushan Steel launches primary health care unit in Odisha Sep 08, 2018 11:40 AM IST

    Bhushan Steel launches primary health care unit in Odisha

    The unit has a trained doctor, a nurse, a pharmacist and necessary medicine

  • Bhushan Steel ex-promoter Neeraj Singal to remain out on interim bail; SC transfers case to itself Sep 04, 2018 12:42 PM IST

    Bhushan Steel ex-promoter Neeraj Singal to remain out on interim bail; SC transfers case to itself

    The Delhi High Court had on August 29 granted bail to Singal, arrested by the SFIO for allegedly siphoning off Rs 2,500 crore of public funds.

  • SC reserves order on Bhushan Steel ex-promoter's case Aug 30, 2018 01:20 PM IST

    SC reserves order on Bhushan Steel ex-promoter's case

    A bench of Justice A M Khanwilkar and D Y Chandrachud said it will pass orders on the plea of the Serious Fraud Investigation Office (SFIO), while agreeing to hear the probe agency's appeal against the release order today.

  • Existing power pacts between Bhushan Steel, Bhushan Energy under discussion, says Tata Steel Aug 29, 2018 06:12 PM IST

    Existing power pacts between Bhushan Steel, Bhushan Energy under discussion, says Tata Steel

    The statement comes amid reports that Tata Steel has started the process of cancelling PPAs between Bhushan Steel and Bhushan Energy in a bid to cut costs.

  • HC questions SFIO's procedure in probe into Bhushan Steel and arrest of former promoter Aug 24, 2018 06:15 PM IST

    HC questions SFIO's procedure in probe into Bhushan Steel and arrest of former promoter

    The observations by the court came during the hearing of a habeas corpus plea moved on behalf of Singal, through advocate Pramod Kumar Dubey.

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