Bbhushan steel limited

Company Description

Performance
Bhushan Steel was founded in 1987 by entrepreneur Brij Bhushan Singhal. Valued at USD 2 Billion, Bhushan Steel's sales betBbhushan steel limiteden 2007 and 2011 grew at a compounded pace of 17 per cent. Operating profits grew at double that pace. The company has been among the best performers in the steel space in terms of executing its expansion plans. Also, its EV/tonne premium over peers has rested on its superior product mix and higher realizations.
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
1.1.2 Production
Bhushan steel has a cumulative production capacity of 3 million tonnes.
The production is currently divided between 3 plants -
Plant
Production
Products Sahibabad, Ghaziabad 4,75,000 tpa Cold Rolled Sheets, Bhushan Galume, Galvanized Sheets
Khopoli, Maharashtra
4,25,000 tpa
CRCA, Cold Rolled Sheets, Color Coated Sheets, Precision Tubes, High Tensile Steel Strapping Meramandali, Orissa 20,00,000 tpa Billets, Sponge Iron, Pig Iron
1.1.3 Milestones & Recognitions
Market Leader - secondary steel: Bhushan Steel stands as market leader in production of secondary steel products in CR segment
Largest supplier of automotive grade steel in the country
The Hitachi Cold Rolling mill at Sahibabad plant remains the widest cold rolling mill (can service up to 1700mm) in the country till date
Bhushan Steel has crossed sales of more than USD 1 Billion
Started country's largest color coated line in Khapoli Plant
Production Process have earned quality standards such as ISO 14001:2004, D&B, Trade Finance, OHSAS 18001:2000
Expansion Plans
The company has major expansion plans in Meramandali, Orissa directed towards backward integration. The company plans to up its steel-making capacity from the current 2.3 million tonnes to 6 million tonnes through the expansion. Currently, utilization rate on the 3 million tonnes steel plant is at around 70 per cent.