Bhushan Steel
Encyclopedia
Bhushan Steel is the largest manufacturer of auto-grade steel
in India
and is spending Rs.
260 billion to expand its capacity to 12 million tonne
s annually, from the present installed capacity of around one million tonnes.
Brij Bhushan Singhal is chairman of board of directors of Bhushan Steel. Neeraj Singhal is the Vice Chairman and Managing Director.
The Khopoli
plant in Maharashtra
was commissioned in 2004 and has been producing colour coated sheets, high tensile steel strappings, hardened and (aluminium and zinc coated sheet) for the first time in India.
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
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
.
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, 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 1618 acres (6.5 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.
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
. 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 4000 acres (16.2 km²) of land.
In Karnataka, Bhushan Steel will be setting up a 6 million tonne per annum integrated steel manufacturing facility at Bellary
, at an investment of 27,928 crore.
It is also working on a 3 million tonnes steel plant in Jharkhand
.
The investment and partial takeover of bowen energy an australian listed coal exploration on the ASX created lots of negative publicity. It was the subject of many complaints to the Australian Securities Exchange, ASIC and Takeovers Panel were it was forced to get a new indepenent experts report. It was also alleged they had a secret share holding under the name of savni holdings
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and is spending Rs.
Rupee
The rupee is the common name for the monetary unit of account in India, Sri Lanka, Nepal, Pakistan, Mauritius, Seychelles, Maldives, and formerly in Burma, and Afghanistan. Historically, the first currency called "rupee" was introduced in the 16th century...
260 billion to expand its capacity to 12 million tonne
Tonne
The tonne, known as the metric ton in the US , often put pleonastically as "metric tonne" to avoid confusion with ton, is a metric system unit of mass equal to 1000 kilograms. The tonne is not an International System of Units unit, but is accepted for use with the SI...
s annually, from the present installed capacity of around one million tonnes.
Financials and management
Gross sales of Bhushan Steel grew from Rs. 500 crore in 2001 to Rs. 4000 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.Brij Bhushan Singhal is chairman of board of directors of Bhushan Steel. Neeraj Singhal is the Vice Chairman and Managing Director.
The Khopoli
Khopoli
Khopoli is an industrial town in the Khalapur taluka of Raigad district, in the Indian state of Maharashtra, at the base of the Sahyadri mountains. Patalganga River which is the tailrace channel of Tata Hydroelectric Power station flows through Khopoli....
plant in Maharashtra
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
was commissioned in 2004 and has been producing colour coated sheets, high tensile steel strappings, hardened and (aluminium and zinc coated sheet) for the first time in India.
At its Sahibabad plant in Ghaziabad, Uttar Pradesh
Uttar Pradesh
Uttar Pradesh abbreviation U.P. , is a state located in the northern part of India. With a population of over 200 million people, it is India's most populous state, as well as the world's most populous sub-national entity...
, 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, India
Dhenkanal is a city and a municipality in Dhenkanal district in the state of Orissa, India.-Geography:Dhenkanal is located at . It has an average elevation of 80 metres .-Demographics:...
plant in Orissa
Orissa
Orissa , officially Odisha since Nov 2011, is a state of India, located on the east coast of India, by the Bay of Bengal. It is the modern name of the ancient nation of Kalinga, which was invaded by the Maurya Emperor Ashoka in 261 BC. The modern state of Orissa was established on 1 April...
, 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
Chandigarh
Chandigarh is a union territory of India that serves as the capital of two states, Haryana and Punjab. The name Chandigarh translates as "The Fort of Chandi". The name is from an ancient temple called Chandi Mandir, devoted to the Hindu goddess Chandi, in the city...
, Derabassi in Punjab
Punjab (India)
Punjab ) is a state in the northwest of the Republic of India, forming part of the larger Punjab region. The state is bordered by the Indian states of Himachal Pradesh to the east, Haryana to the south and southeast and Rajasthan to the southwest as well as the Pakistani province of Punjab to the...
, Bangihatti, near Dankuni
Dankuni
Dankuni is a fast-growing industrial township near Kolkata, India. The town is part of the Hooghly District, in the state of West Bengal. It is a part of the area covered by Kolkata Metropolitan Development Authority....
in West Bengal
West Bengal
West Bengal is a state in the eastern region of India and is the nation's fourth-most populous. It is also the seventh-most populous sub-national entity in the world, with over 91 million inhabitants. A major agricultural producer, West Bengal is the sixth-largest contributor to India's GDP...
, and Thelkoloi in Orissa
Orissa
Orissa , officially Odisha since Nov 2011, is a state of India, located on the east coast of India, by the Bay of Bengal. It is the modern name of the ancient nation of Kalinga, which was invaded by the Maurya Emperor Ashoka in 261 BC. The modern state of Orissa was established on 1 April...
.
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, 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 1618 acres (6.5 km²) at Meramandali in Dhenkanal district near Angul
Angul, India
Angul is the headquarters of Angul district in the State of Orissa, India.The district came into existence on April 1, 1993. The district covers a geographical area of 6232 km2 and supports a population of about 11.40 lakhs...
, at a cost of 5,200 crore and its subsequent backward integration and expansion to 4 million tonnes.
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
Salanpur
Salanpur is an administrative division in Asansol subdivision of Bardhaman district in the Indian state of West Bengal. Chittaranjan and Salanpur police stations serve this block. Headquarters of this block is at Rupnarayanpur Bazar...
in Bardhaman district
Bardhaman District
'Bardhaman district is a district in West Bengal. The headquarter of the district is Bardhaman, though it houses other important industrial towns like Durgapur and Asansol...
. The cold rolling and galvanizing unit will be set up in North 24 Parganas district
North 24 Parganas district
North 24 Parganas district is a district in southern West Bengal, of eastern India. North 24 Parganas extends in the [tropical zone] from latitude 22º11'6" north to 23º15'2" north and from longitude 88º20' east to 89º5' east...
. It has also zeroed in on Kharagpur
Kharagpur
Kharagpur is an industrial city in India. It is located in the Midnapore West district of the state of West Bengal.Kharagpur was chosen as the location of the first campus of the prestigious Indian Institutes of Technology . The IITs are the premier technical education institutes in India and...
for another power and 2 million tones steel plant and is in talks with the state government for allocation of about 4000 acres (16.2 km²) of land.
In Karnataka, Bhushan Steel will be setting up a 6 million tonne per annum integrated steel manufacturing facility at Bellary
Bellary
Bellary is a historic city in Bellary District in Karnataka state, India.-Origins of the city's name:There are several legends about how Bellary got its name....
, at an investment of 27,928 crore.
It is also working on a 3 million tonnes steel plant in Jharkhand
Jharkhand
Jharkhand is a state in eastern India. It was carved out of the southern part of Bihar on 15 November 2000. Jharkhand shares its border with the states of Bihar to the north, Uttar Pradesh and Chhattisgarh to the west, Orissa to the south, and West Bengal to the east...
.
The investment and partial takeover of bowen energy an australian listed coal exploration on the ASX created lots of negative publicity. It was the subject of many complaints to the Australian Securities Exchange, ASIC and Takeovers Panel were it was forced to get a new indepenent experts report. It was also alleged they had a secret share holding under the name of savni holdings