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

steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...

in India.

History

The company was founded on 7 January 1983 under the name Jawahar Metal Industries Private Limited in the Sahibabad Industrial Area of

Ghaziabad district Ghaziabad district () is a largely suburban district of Uttar Pradesh state in northern India. It is also a core part of the National Capital Region. The city of Ghaziabad is the administrative headquarters of the district. This district is ...

Uttar Pradesh Uttar Pradesh ( ; UP) is a States and union territories of India, state in North India, northern India. With over 241 million inhabitants, it is the List of states and union territories of India by population, most populated state in In ...

. The company manufactured cold rolled steel strips and steel

ingots An ingot is a piece of relatively pure material, usually metal, that is cast into a shape suitable for further processing. In steelmaking, it is the first step among semi-finished casting products. Ingots usually require a second procedure of sh ...

. On 14 January 1987, Jawahar Metal Industries was acquired by Brij Bhushan Singal and his sons, Sanjay and Neeraj Singal. Jawahar Metal Industries was renamed as Bhushan Steel & Strips Limited on 9 June 1992. The name was changed to Bhushan Steel Limited in 2007. Insolvency proceedings were initiated against the company on 26 July 2017 under the Insolvency and Bankruptcy Code, 2016.

Merger with Tata Steel

Tata Steel Tata Steel Limited is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, with its primary operations based in Jamshedpur, Jharkhand. It is a subsidiary of the Tata Group. Formerly known as Tata Iron and Steel ...

acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid to Bhushan Steel's creditor banks, and an additional over 12 months to Bhushan Steel's operational creditors. The company was renamed as Tata Steel BSL Limited on 27 November 2018. On 25 April 2019, the Tata Steel board approved the merger of Tata Steel BSL and Bamnipal Steel with itself. The merger became effective on 11 November 2021.

Plants

The

Khopoli Khopoli (, ISO: ) is an industrial city 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 the Tata Hydroelectric Power Sta ...

plant in

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

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 Ghaziabad () is a city in the Indian state of Uttar Pradesh and a part of Delhi NCR. It is the administrative headquarters of Ghaziabad district and is the largest city in Western Uttar Pradesh, with a population of 1,729,000. Ghaziaba ...

, it has a 1700 mm mill, which produces the widest sheets in

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

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 ...

Integrated steel plant in

Odisha Odisha (), formerly Orissa (List of renamed places in India, the official name until 2011), is a States and union territories of India, state located in East India, Eastern India. It is the List of states and union territories of India by ar ...

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

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.

References

{{Steel industry of India Steel companies of India Companies based in Kolkata Manufacturing companies based in Kolkata Manufacturing companies established in 1983 1983 establishments in Uttar Pradesh Indian companies established in 1983 Companies formerly listed on the National Stock Exchange of India Companies formerly listed on the Bombay Stock Exchange Tata Steel 2021 disestablishments in India