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TATA BHUSHAN STEEL
SAT sets aside Sebi's order to impose penalty on Bhushan Steel for disclosure lapsesHowever, SAT in its order noted that "the company had gone into July 2017 under the Insolvency Bankruptcy Code (IBC) and in view of the dec...- Sales improve 16% in the first quarter: Tata SteelProduction in the first quarter went up 20 per cent to 4.37 million tonne (mt), the company said.
- NCLT approves Tata Steel takeover of Bhushan EnergyThe principal bench of NCLT Delhi also rejected objections from Bhushan Energy's former promoter Neeraj Singal opposing Tata Steels' bid.
- Bhushan Steel renamed as Tata Steel BSLThe name change is part of the process to integrate Bhushan Steel operations within the Tata Steel fold.
- Tata Steel aiming for higher capacity utilisation in Bhushan SteelBhushan Steel's Odisha plant is presently operating at 3.5 MT against a capacity of 5 MT, the official said.
- Existing power pacts between Bhushan Steel, Bhushan Energy under discussion: Tata SteelThe statement comes amid reports that Tata Steel has started the process of cancelling PPAs between Bhushan Steel and Bhushan Energy in a b...
- NCLAT upholds Bhushan Steel sale to Tata Steel, rejects issues over its ineligibilityThe appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, op...
- Tatas end Bhushan Steel office rental pact with ex-promoterThe move is part of efforts by the new owner to cut costs and turn the asset around.
- NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues noticesAn NCLAT bench issued notices to Tata Steel, the resolution professional and Committee of Creditors (CoC) of Bhushan Steel on a petition fi...
- Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan SteelTata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 1 year as per their admitted claims and terms ...
- NCLT clears decks for Tatas’ acquisition of Bhushan SteelThe tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.
- Tata Steel moves NCLAT against ruling allowing Liberty House to bid for Bhushan PowerLiberty House submitted a bid for Bhushan Power & Steel on February 20, well past the deadline for making binding offers for the company.
- Tata Steel likely to buy 75% holding in Bhushan SteelFor the quarter ending March 2018, the promoter and promoter group held 43.9% of the share capital, down from 57.82% at the end of December.
- NCLT adjourns hearing over Bhushan Steel sale to April 5The matter, which was listed for hearing today, would now come before the Principal bench on April 5.
- Tata Steel on brink of buying Bhushan Steel, awaits NCLT, CCI green signalThe move is a key step forward in Tata Steel’s domestic growth strategy under new Tata Sons chairman N Chandrasekaran, a former top executi...
- Tata Steel selected as successful applicant to buy Bhushan SteelTata Steel and India's biggest domestic steelmaker JSW Steel Ltd were the two primary industry bidders for the acquisition of Bhushan Steel.
- Lenders accept Tata Steel bid for Bhushan Power, to hold talksBhushan Power owes about ₹49,200 crore to the lenders.
- Bhushan Power lenders ask Tatas to revisit conditionsTata Steel's Rs 24,500-cr offer is conditional on lenders buying the entire equity of two Bhushan Power subsidiaries– Nova Iron & Steel and...
- Liberty's bid rejected; Tatas all set to bag Bhushan PowerThe lenders' refusal to entertain Liberty's late bid means that Tata Steel now the clear leader in the race to buy out the unlisted Bhushan...
- Tata Steel frontrunner to acquire Bhushan Power with Rs 24,500 crore offerTata Steel’s offer includes an upfront payment to lenders of Rs 17,000 cr, a cash infusion in the company of Rs 7000 cr to meet working cap...
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