Bhushan Steel

Bhushan Steel picks 9.5% stake in Orissa Sponge Iron Steel for Rs 23 crore

Bhushan Steel picks 9.5% stake in Orissa Sponge Iron Steel for Rs 23 crore Delhi-based Bhushan Steel has acquired 9.5% stake in Bhubaneswar-headquartered Orissa Sponge Iron & Steel for about Rs 23 crore.

In a bulk deal on Thursday, Bhushan Steel purchased 9.5% stake from Ramesh Chandra family's investment firm Prakasauli investments at Rs 118 per share.

Bhushan Steel signs two JV with Australian firm

Bhushan Steel Limited said that the company has signed two Joint Ventures with Bowen Energy Ltd., Australia regarding exploration and commissioning of coal mines in Australia.

New Delhi-based, Bhushan Steel, Ltd. engages in the manufacture and sale of galvanized and special steel to the automobile, white goods appliances, and general engineering industries.