Bhushan Steel
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encyclopedia
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Bhushan
steel ltd
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Private
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Founded
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1987
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Headquarters
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New Delhi,
India
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Key people
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Products
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Cold rolled, galvanised,
Bhushan Galume, colour coated tiles, drawn tubes, strips, wire rods, alloy billets, sponge iron
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Revenue
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Website
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Bhushan Steel is the largest manufacturer of auto-grade steel in Indiaand is spending Rs. 260 billion to expand its capacity
to 12 million tonnes
annually,[2][3]
from the present installed capacity of around one million tonnes.
Financials
and management
Gross sales of Bhushan Steel 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 it is exporting to includes several developed countries.
Rakesh Verma (UK) is chairman of
board of directors of Bhushan Steel. Brahma Nand Chaturvedi[also known
as Chopa King(or)Chopa baba] 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 Odisha.
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 Odisha.Its biggest expansion is in Odisha – it has signed an agreement with
the Government of Odisha 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 3,200 acres (13
km2) at Meramandali in Dhenkanal district near Angul,
at a cost of 52 billion 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.[8]
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 4,000 acres (16 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 
279.28 billion.
279.28 billion.
In Maharashtra, Bhushan Steel has
signed an agreement with the Maharashtra Industrial Development Corporation
(MIDC) to invest Rs13.50 billion at Butibori.
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