Bhushan Steel to invest Rs 4,000 cr in MP

New Delhi, Feb 15: Bhushan Steel Ltd today said it plans to ink an agreement with the Madhya Pradesh government for setting up cement and coke oven plants in the state with an investment of Rs 4,000 crores.

The company, that has a turnover of Rs 3,000 crore, plans to set up a one million tonne coke oven plant and five million tonne cement plant, it said in a statement. Bhushan Power and Steel Ltd, a merged entity of Bhushan Industries Ltd, Bhushan Metallics Ltd and Decor Steel Ltd, is a leading manufacturer of flat, round and value added products in steel.

UNI