Bhushan Steel

Infobox_Company
company_name = Bhushan Steel
company_
company_type = Private | foundation =
location =
key_people = Brij Bhushan Singhal (Chairman)
Neeraj Singhal
(Managing Director)
industry = Steel
products = Cold rolled, galvanised, Bhushan Galume, colour coated tiles, drawn tubes, strips, wire rods, alloy billets, sponge iron
num_employees =
slogan =
headquarter = Bhushan Steel Limited, F-Block, 1st Floor, International Trade Tower, Nehru Place, New Delhi – 110019
revenue = Rs. 4202 crore
homepage = http://www.bhushan-group.org/ |

Bhushan Steel is the largest manufacturer of auto-grade steel in India [cite web | url = http://economictimes.indiatimes.com/articleshow/2768220.cms | title = Analysts' picks: Ambuja, Cairn India, Cadila, RCom, Bhushan Steel | accessdate = 2008-02-19 | last = | first = | work = | publisher = "The Economic Times", 9 February 2008] and is spending Rs. 260 billion to expand its capacity to 12 million tonnes annually, [cite web | url = http://www.myiris.com/newsCentre/storyShow.php?fileR=20080211131109130&dir=2008/02/11&secID=fromnewsroom&code1=&code=| title = Bhushan Steel to spend Rs 260 bn hike capacity to 12 mn ton | accessdate = 2008-02-19 | last = | first = | work = | publisher = Iris, 11 February 2008] cite web | url = http://www.indiainfoline.com/company/innernews.asp?storyId=58670&lmn=4 | title = Bhushan Steel confirms setting up of projects worth Rs260bn | accessdate = 2008-02-19 | last = | first = | work = | publisher = India Infoline, 11 February 2008] from the present installed capacity of around one million tonnes.cite web | url =http://www.bhushan-group.org/new_intitiatives.asp | title =Bhushan Steel Ltd. (formerly Bhusan Steel & Strips) | accessdate = 2008-02-19 | last = | first = | work = | publisher = Bhushan Steel Limited ]

Financials and management

Gross sales of Bhushan Steel grew from Rs. 50 crore in 2001 to Rs. 80 crore in 2007. It earned net profits of Rs. 313 crore in 2007 and exported goods worth Rs. 1,257 crore. Its exports include steel for both the automotive and white goods industry and the list of countries it is exporting to includes several developed countries.cite web | url =http://www.bhushan-group.org/new_intitiatives.asp | title =Bhushan Steel Ltd. (formerly Bhusan Steel & Strips) | accessdate = 2008-02-19 | last = | first = | work = | publisher = Bhushan Steel Limited ]

Brij Bhushan Singhal is chairman of board of directors of Bhushan Steel. Neeraj Singhal is the Managing Director.

Existing plants

The Khopoli plant in Maharashtra was commissioned in 2012 and has been producing colour coated sheets, high tensile steel strappings, hardened and tempered strips and precision tubes. In addition to these, the Khopoli plant has recently launched the Galume value added steel (aluminium and zinc coated sheet) for the first time in India.

At its Shaibabad 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 plant in Orissa, Bhusan Steel produces hot rolled coils and has mills for hot rolling. Construction of the first phase is being carried out.

Bhushan Power and Steel Limited has seven plants at four locations – Chandigarh, Derabassi in Punjab, Bangihatti, near Dankuni in West Bengal, and Thelkoloi in Orissa.cite web | url = http://www.bhushanltd.com/ | title =Bhushan Power & Steel | accessdate = 2008-02-19 | last = | first = | work = | publisher = Bhushan Limited ]

Expansion projects

Bhushan Steel Ltd announced that its board of directors in a meeting held on 22 January 2007 approved the following projects – (1) Setting up of an integrated steel plant in West Bengal with facilities including slab plant, coke ovens and captive power plant. (2) Setting up of a 6 million tonne per annum integrated steel plant as an expansion of its existing plant being set up at Meramandali (Distt Dhenkanal) in Orissa.

Its biggest expansion is in Orissa – it has signed an agreement with the Government of Orissa for setting up of a three million tonnes capacity steel plant at Meramandali in Dhenkanal district, [cite web | url = http://www.hinduonnet.com/2005/11/04/stories/2005110406691800.htm | title = Orissa signs MoUs for five more steel plants | accessdate = 2008-02-19 | last = | first = | work = | publisher = "The Hindu Business Line", 4 November 2005] and as part of its total integration of the steel value chain, Bhushan Steel is in the process of setting up a power plant and an advanced hot rolling plant on convert|1618|acre|km2 at Meramandali in Dhenkanal district near Angul, at a cost of 5,200 crore and its subsequent backward integration and expansion to 4 million tonnes.cite web | url = http://www.thehindubusinessline.com/bline/2007/08/28/stories/2007082851340200.htm | title = Bhushan Steel plans 2 power plants | accessdate = 2008-02-19 | last = | first = | work = | publisher = "The Hindu Business Line", 28 August 2007]

In West Bengal, Bhushan Steel has signed an agreement with the Government of West Bengal and West Bengal Industrial Development Corporation Ltd. to set up a two million tones steel plant at Salanpur in Bardhaman district. The cold rolling and galvanizing unit will be set up in North 24 Parganas district. [cite web | url = http://www.thehindubusinessline.com/2007/05/12/stories/2007051206110300.htm| title = Bhushan Steel setting up plant in Bengal | accessdate = 2008-02-19 | last = | first = | work = | publisher = "The Hindu Business Line", 12 May 2007] It has also zeroed in on Kharagpur for another power and 2 million tones steel plant and is in talks with the state government for allocation of about convert|4000|acre|km2 of land.

It is also working on a 3 million tonnes steel plant in Jharkhand.

References