Tata Steel won with a bid of Rs 35,000 crore, with JSW Steel finishing second with a bid of Rs 29,700 crore.
Liberty House had submitted the bid on Tuesday, he said. In Wednesday’s COC meeting the bids of Tata Steel and JSW Steel were disclosed and now the process as well as legal advisors evaluate them.
Bhushan Steel, one of the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings, owes Rs 56,000 crore to its financial creditors.
With loan defaults totalling over Rs 44,000 crore, Bhushan Steel was admitted under NCLT for insolvency proceedings in July this year.
While Bhushan Steel has a combined liability of Rs 43,000 crore to 20 banks, Bhushan Power owes Rs 37,000 crore to a consortium of banks
New Delhi: Bhushan Steel said on Monday that independent non-executive director on its board V K Mehrotra has resigned citing "falling health". This is the first resignation from the 11-member board of the steelmaker after its
Mumbai: A day after the arrest of Bhushan Steel vice chairman Neeraj Singal in the cash-for-loan case at Syndicate Bank, State Bank of India (SBI) - a big lender to the firm - on Friday
Mumbai: Shares of Bhushan Steel today slumped 10 per cent, extending its downtrend for the third consecutive day, after the CBI arrested Neeraj Singal, Vice-Chairman and Managing Director of the company, in connection with Rs
Cuttack: The Orissa High Court today issued notice to the state government to file a status report on the November 13 accident at the Bhushan steel plant in Dhenkanal district.A division bench comprising Chief Justice
Bhubaneswar: Another worker today died of burns suffered in the fire and explosion at private Bhushan Steel Limited's plant at Meramundali in Dhenkanal district, taking the toll to two, even as the State Pollution Control
New Delhi: Bhushan Steel, which operates a plant in Odisha where a fire broke out last week killing one person and injuring 15, was today accused by Union Minister and Congress leader Srikant Kumar Jena
Bhubaneswar: The Odisha government today sought a report on the condition of the blast furnace number-1 of Bhushan Steel Limited after one person was killed and 19 others injured on November 13 in an explosion
New Delhi, Jan 19: Bhushan Steel has reported 20 per cent decline in net profit at Rs 221.20 crore for the quarter ended December 31, 2012 largely due to subdued sales growth and rise in