Tata Steel Plans To Buy Bhusan Steel

Tata Steel Plans To Buy Bhusan Steel

Mumbai – One of the country’s leading steel manufacturing companies Tata Steel announced that they were
planning to purchase the beleaguered Bhusan Steel at a press conference yesterday. The Committee of the Creditors of Bhuysan Steel also confirmed that Tata Steel was one of the prospective buyers of the debt ridden steel company and added that recently they sent a Letter of Intent to the higher officials of the company. An official from the Tata steel also said that they would take part in the bidding process like another competitor JSW steel.

by TNBC Staff Reporter on March 23, 2018

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