Last 106.60 INR
Change Today +0.20 / 0.19%
Volume 167.7K
BHUS On Other Exchanges
Natl India
Natl India
As of 5:23 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

bhushan steel ltd (BHUS) Snapshot

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52 Week High
01/20/14 - 561.00
52 Week Low
09/3/14 - 86.95
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Current Stock Chart for BHUSHAN STEEL LTD (BHUS)

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bhushan steel ltd (BHUS) Details

Bhushan Steel Limited manufactures and sells steel products for automotive and white goods industries in India. The company’s products comprise cold rolled steel coils and sheets, galvanized plain coils and sheets, galume sheets and coils, color coated coils, color coated tiles, precision tubes, hardened and tempered steel strips, high tensile steel strappings, alloy billets, sponge iron, and high frequency welded/electric resistance welded line pipes, as well as galume-zinc and aluminum coated sheets. It also exports its products to Europe, the United States, Canada, Africa, China, and the Middle East. The company was formerly known as Bhushan Steel & Strips Ltd. Bhushan Steel Limited was incorporated in 1983 and is based in New Delhi, India.

5,428 Employees
Last Reported Date: 08/29/13
Founded in 1983

bhushan steel ltd (BHUS) Top Compensated Officers

Vice Chairman, Managing Director, Member of S...
Total Annual Compensation: 12.0M
Chief Financial Officer, Director of Finance,...
Total Annual Compensation: 9.2M
Director of Technical and Whole Time Director
Total Annual Compensation: 5.6M
Vice President, Director of Commercial, Whole...
Total Annual Compensation: 5.6M
Compensation as of Fiscal Year 2014.

bhushan steel ltd (BHUS) Key Developments

Bhushan Steel Clarifies On Sale Rumors

With reference to the news item appearing in the media regarding "The company has been put on block and SBI CAP is appointed as Lead advisor for process of sale", Bhushan Steel Limited (BSE:500055) has clarified to Bombay Stock Exchange as under, "The contents of the news item appearing in the "ET Now" dated October 14, 2014 are incorrect and denied. We have not received any communication from any Bank / SBI Capital, therefore we are unable to comment on news item appearing in the 'ET NOW" dated October 14, 2014".

Bhushan Denies Sales Rumor

Bhushan Steel Limited (BSE:500055) denied a report by ET Now television channel that lenders to the steel maker have initiated the process of selling the assets of the troubled company. Tata Steel Limited (BSE:500470) and JSW Steel Ltd. (BSE:500228) are in talks with Bhushan’s lenders to buy the company, the report said, citing unidentified people. Tata Steel denied that it was in discussions with Bhushan. “We have neither been approached nor are we in discussions,” said a spokesperson of Tata Steel. Bhushan Steel said that it has not defaulted on payments to lenders and the question of selling assets does not arise. “The news is completely false and baseless,” a Bhushan Steel statement said. Hence, the question of lenders looking at selling it does not arise in this situation.” Shares of Bhushan Steel rose 3.53% to INR 111.35 on Bombay Stock Exchange.

Bhushan Steel Names ICICI To Find Buyers For Odisha Plants

Bhushan Steel Limited (BSE:500055) has appointed ICICI Securities to find a buyer for three or more of its oxygen plants in Odisha for an estimated INR 1,000 crore.


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Price/Cash Flow 2.0x
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