The last date to submit bids for Bhushan Steel, the maker of auto grade steel in India, was February 3.
According to sources, JSW Steel along with Piramal Enterprises has submitted the resolution plan.
Besides, Tata Steel and NRI billionaire Lakshmi Niwas Mittal-led ArcelorMittal have also bid for Bhushan Steel, sources said.
An email query to sent to Tata Steel, ArcelorMittal and JSW Steel remained unanswered.
The highest bidder would to announced on Tuesday.
According to the information on Bhushan Steel's website, the company is the third largest secondary steel producer in the country with an existing steel production capacity of 5.6 million tonne per annum.
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