Brij Bhushan Singal Net Worth is1,600 $Million
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Company Name: Bhushan Steel / company logo
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 tonnes annually, from the present installed capacity of around one million tonnes.
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 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 a?? Chandigarh, Derabassi in Punjab, Bangihatti, near Dankuni in West Bengal, and Thelkoloi in Orissa.
Bhushan Steel Ltd announced that its board of directors in a meeting held on 22 January 2007 approved the following projects a?? (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 a?? it has signed an agreement with the Government of Orissa for setting up of a three million

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Brij Bhushan Singal Latest News

Essar Steel, Electrosteels, Bhushan Steel face closure or sale

Bhushan Steel is headed by Brij Bhushan Singal and Neeraj Singal while Electrosteels Steel's managing director is Umang Kejriwal. Electrosteel's promoters hold 45 percent stake in the company and 79 percent of the shares have been pledged, according to ...
Posted: June 23, 2017, 4:32 am

Bhushan Steel to raise Rs 6,000-crore equity

While patriarch Brij Bhushan Singal and younger son Neeraj Singal, were on the same side, elder son Sanjay Singal turned adversary. The father and younger son were managing Bhushan Steel (the listed company) and the elder son was managing Bhushan Power and ...
Posted: August 14, 2014, 3:50 am

Bhushan Steel Says Sebi Order Won't Hit Business

The company's chairman Brij Bhushan Singal, managing director Neeraj Singal and two other family members are among the 260 entities barred by the capital market regulator for violation of securities laws and suspected money laundering and tax evasion ...
Posted: December 23, 2014, 9:48 am
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