Bhushan Steel in deep crisis, net loss widens to Rs 1,130 cr in Q4
Audited results showed that firm's total expenses grew to Rs 5,994 crore from Rs 5,060.47 in FY16
 "Bhushan Steel in deep crisis, net loss widens to Rs 1,130 cr in Q4")
Last month, lenders led by State Bank of India decided to started insolvency proceedings against Bhushan Steel in National Company Law Tribunal.
The embattled firm had posted a net loss of Rs 1,185.16 crore in the year-ago period, it said in a regulatory filing.
According to the audited results, the company's total expenses grew to Rs 5,994 crore from Rs 5,060.47 crore in the year-ago period.
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