Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, was the largest manufacturer of auto-grade

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

in India. Tata Steel BSL Limited, with an amount of debt in proportion to its equity (0.5 times more). The company's consolidated debt stands at ₹10,686 crore. The Company was spending Rs. 260 billion to expand its capacity to 12 million tonnes annually, from the present installed capacity of around one million tonnes. Insolvency proceedings were initiated against the former company on 26 July 2017 under the

Insolvency and Bankruptcy Code, 2016 The Insolvency and Bankruptcy Code, 2016 (IBC) is an Indian law which creates a consolidated framework that governs insolvency and bankruptcy proceedings for companies, partnership firms, and individuals. Background Prior to the IBC, the ...

. On 27 November 2018 the company was renamed as Tata Steel BSL Limited from Bhushan Steel Limited. This company is distinct from

Bhushan Power & Steel Bhushan Power & Steel Limited (BPSL) is a steel company that is engaged in the manufacturing and marketing of steel products. It was established in 1970. In July 2019, BPSL was allegedly involved in fraud worth ₹3805.15 crore rupees (US$535.23 ...

(with

Sanjay Singal Sanjay, also spelled Sanjai, Sanjey, Sanje, Sanjaey and Sunjay, is a male given name of Sanskrit origin meaning "triumphant" (from Sañjaya) and may refer to: People * Sanjaya, an important character in the ancient Indian epic ''Mahabharata'' * ...

as Chairman & Managing Director). with major claims by creditors against it, including the Punjab National Bank. In April 2019, the Tata Steel board approved the merger of Bamnipal Steel and Tata Steel BSL (formerly Bhushan Steel Ltd) with itself.

Financial Management

Gross sales of Tata Steel BSL grew from Rs.5 billion in 2001 to Rs.40 billion in 2007. It earned net profits of Rs.3.13 billion in 2007 and exported goods worth Rs.12.57 billion. Its exports include steel for both the automotive and white goods industry and the list of countries to which it exports includes several developed countries. Rajeev Singhal is the managing director of Tata Steel BSL Limited. The Khopoli plant in

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

was commissioned in 2004 and has been producing colour-coated sheets, high-tensile steel strappings, hardened and tempered steel strips for the first time in India, along with CRCA steel to cater to the needs of the automobile industry.Bhushan Steel - Khopoli
/ref> At its Sahibabad plant in Ghaziabad, Uttar Pradesh, it has a 1700 mm mill, which produces the widest sheets in India for the automotive industry. It has highly automated systems. At its Meramandali,

Dhenkanal Dhenkanal is a town and a municipality in Dhenkanal district in the state of Odisha, India. Geography Dhenkanal is at . It has an average elevation of 80 metres (262 feet). Demographics As per the 2011 India census, Dhenkanal had a p ...

plant in Odisha, Tata Steel BSL produces hot rolled coils and has mills for hot rolling. Construction of the first phase is being carried out.

References

{{Steel industry of India Steel companies of India Companies based in New Delhi Manufacturing companies based in Delhi Manufacturing companies established in 1987 1987 establishments in Delhi Indian companies established in 1987 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange