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Bhushan Steel rail line work stopped14-NOV-09
The ongoing rail line construction of Bhusan Steel Ltd (BSL) at Meramandali in Dhenkanal district was stopped and machineries were seized after the company was found violating the local sub-collector’s order not to carry out any construction on the canal land. The company was constructing the rail line to connect its plant to the mainline at Meramandali.
SAIL cuts prices, others likely to follow03-NOV-09
Steel Authority of India Ltd (SAIL) has reduced prices of flat products by Rs 750-1,500 a tonne across categories, on account of weak global trends.
Bhushan Steel plans SME park in Orissa20-OCT-09
The process of setting up of ancillary and downstream industries in Orissa is expected to get a boost with more and more metal companies evincing interest to establish such complexes in different locations of the state.
Bhushan Steel plans SME park20-OCT-09
The process of setting up of ancillary and downstream industries in Orissa is expected to get a boost with more and more metal companies evincing interest to establish such complexes in different locations of the state.
Bhushan Steel to scale up Bengal project19-OCT-09
Despite the political turmoil, Delhi-based Bhushan Steel, has decided to scale up the capacity of its proposed steel project in Bengal to six million tonnes, irrespective of a partnership with Japan’s Sumitomo Metal Industries.
Bhushan Steel's Aussie takeover in fresh doubt13-OCT-09
Bhushan Steel (Australia)’s acquisition of Australian coal and mineral exploration company, Bowen Energy, has hit the Australian Takeovers Panel hurdle, with the board ordering a re-valuation of the coal tenements held by Bowen.
Orissa asks mega projects to file progress milestones18-SEP-09
The Orissa government today asked the mega industries, which had signed memorandum of understanding (MoU) with it for setting up of projects, to submit reports on milestones achieved by them regarding the progress of their projects.
Bhushan Steel buys Aussie exploration firm05-SEP-09
Bhushan Steel (Australia), part of Delhi-based cold roller, Bhushan Steel group, has acquired a 60 per cent stake in Australian exploration company, Bowen Energy. Bowen Energy has 2,400 sq km of prime exploration ground in the heart of the Bowen basin, close to major mines operated by BHP, Rio Tinto, Xstrata and Anglo Coal.
Jai Balaji, Bhushan get coal blocks for steel plant13-JUL-09
Jai Balaji Industries today said it has received a coal block with Bhushan Steel at Andal East in Burdwan district of West Bengal for their proposed steel plants.
Bengal banks on Lalgarh to salvage investor-friendly face03-JUL-09
The Maoists have been flushed out of Lalgarh in the West Medinipur district of West Bengal just three days ago, and West Bengal Commerce and Industry Minister Nirupam Sen considers it a shot-in-the-arm for investments in the state.
District administration warns action against Bhushan Steel14-MAY-09
Concerned over the rise in cases of fatal accidents at the Bhushan Steel Plant at Meramandali in Dhenkanal district, the district collector has warned of stringent action against the company if such accidents continued unabated.
Bhushan Steel up 64 per cent10-MAY-09
Bhushan Steel surged 64.4 per cent this week to close at Rs 682.90 on better-than -expected results for the quarter ended March 2009. The trading volume on BSE and NSE rose sharply from 0.46 million shares in three-day trading of the previous week to 13.1 million shares during the week ended May 8, 2009. The company reported a marginal decline of 8 per cent in net sales in the fourth quarter ended March 2009 as the company did extremely well by posting a 36 per cent growth in sales volumes of
OnMobile Global, Bhushan Steel Q4 result02-MAY-09
Telecom solutions provider OnMobile Global on Friday said its consolidated net profit grew over five-fold during the fourth quarter ended March 31, 2009, to Rs 24.03 crore over the corresponding period a year ago. The company had a net profit of Rs 4.5 crore in the fourth quarter of the previous financial year.
Insurer moves apex court against Bhushan Steel & Strips29-APR-09
Public sector insurer New India Assurance Company Ltd has approached the Supreme Court challenging a consumer court's order that asked it (insurer) to pay compensation of Rs 13.15 crore to Bhushan Steel & Strips Ltd for the damage due to fire at its Sahibabad unit.
Bhushan Steel seeks 1000 acre more in Bengal20-APR-09
Bhushan Steel has informally approached the West Bengal Industrial Development Corporation (WBIDC) for an additional 1,000 acres in West Bengal, in the wake of negotiations with Sumitomo Metal Industries (SMI) for participation in its steel project.
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