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{{Update|date=March 2018}}
{{Use dmy dates|date=June 2013}}
{{Use Indian English|date=March 2018}}
{{Infobox company
| name = TATA Steel BSL
| logo = TSB Logo (1).jpg
| type = [[Public company|Public]]
| traded_as = {{BSE|500055}}, {{NSE|TATASTLBSL}}
{{ISIN|INE824B01021}}
| foundation = 1987
| location = [[Kolkata]], [[India]]<ref>{{URL|https://tatasteelbsl.co.in/contact/our-address/ }}</ref>
| key_people = TV Narendran<br> {{small|(Chairman & Non-Executive Adnl. Director)}} <br> Rajeev Singhal<br> {{small|(MD)}}
| industry = [[Steel]]
| products = Cold rolled, [[galvanised]], Bhushan Galume, Tata Shaktee,colour coated tiles, drawn [[Tubing (material)|tubes]], strips, wire rods, alloy billets, [[sponge iron]]
| num_employees = 5000+
| caption =
| parent = [[Tata Steel]]
| revenue = {{increase}} {{Currency|1.7|USD}} [[1000000000 (number)|billion]]
| homepage = [http://www.tatasteelbsl.co.in/ Official website]
}}

'''Tata Steel BSL Limited''', formerly known as '''Bhushan Steel Limited''', is the largest manufacturer of auto-grade [[steel]] in India.<ref>{{Cite web| url = http://economictimes.indiatimes.com/articleshow/2768220.cms | title = Analysts' picks: Ambuja, Cairn India, Cadila, RCom, Bhushan Steel | access-date = 19 February 2008 | publisher = The Economic Times, 9 February 2008}}</ref> Tata Steel BSL Limited, with an amount of debt in proportion to its equity (0.5 times more). The company's consolidated debt stands at ₹10,686 crore. The Company is spending [[Rupee|Rs.]] 260 billion to expand its capacity to 12 million [[tonne]]s annually,<ref>{{Cite web| url = http://www.myiris.com/newsCentre/storyShow.php?fileR=20080211131109130&dir=2008/02/11&secID=fromnewsroom&code1=&code=| title = Tata Steel BSL to spend Rs 260 bn hike capacity to 12 mn ton | access-date = 19 February 2008 | publisher = Iris, 11 February 2008}}</ref><ref name="Infoline">{{Cite web | url = http://www.indiainfoline.com/company/innernews.asp?storyId=58670&lmn=4 | title = Tata Steel BSL confirms setting up of projects worth Rs260bn | access-date = 19 February 2008 | publisher = India Infoline, 11 February 2008 | url-status = dead | archive-url = https://web.archive.org/web/20110516153750/http://www.indiainfoline.com/company/innernews.asp?storyId=58670&lmn=4 | archive-date = 16 May 2011 | df = dmy-all }}</ref> from the present installed capacity of around one million tonnes.<ref name="Bhushan1">{{Cite web| url =http://www.bhushan-group.org/new_intitiatives.asp| title =Tata Steel BSL Ltd. (formerly Bhusan Steel & Strips)| access-date =19 February 2008| publisher =TATA Steel BSL Limited| url-status =dead| archive-url =https://web.archive.org/web/20080417025807/http://www.bhushan-group.org/new_intitiatives.asp| archive-date =17 April 2008| df =dmy-all}}</ref>

Insolvency proceedings were initiated against the former company on 26 July 2017 under the [[Insolvency and Bankruptcy Code, 2016]].<ref>{{citation |title=L&T moves NCLT to be declared as secured creditor in Bhushan Steel insolvency |url=http://www.livemint.com/Companies/ersQoSgCetf0Atx0hT1rPK/LT-moves-NCLT-to-be-declared-as-secured-creditor-in-Bhushan.html |work=[[Live Mint]] |date=8 March 2018 }}</ref>

Tata Steel on 18 May 2018 announced the completion of its acquisition of the then Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd (BNPL), wrapping up the resolution of the first case under [[Insolvency and Bankruptcy Code, 2016]]. The bankrupt firm was among the 12 stressed assets the RBI had referred for NCLT proceedings last year.<ref>{{citation |title=First under insolvency code: Bhushan Steel bought by Tata Steel |url=http://indianexpress.com/article/business/first-under-insolvency-code-bhushan-steel-bought-by-tata-steel-5182619/ |work=[[Indian Express]] |date=21 May 2018 }}</ref> On 27 November 2018 the company was renamed as Tata Steel BSL Limited from Bhushan Steel Limited.

This company is distinct from [[Bhushan Power & Steel]] (with [[Sanjay Singal]] as Chairman & Managing Director).<ref>[https://www.bhushanpowersteel.com/ Bhushan Power & Steel Ltd.]</ref> with major claims by creditors against it, including the [[Punjab National Bank]].<ref>[https://www.bhushanpowersteel.com/pdf/FC_Claims_220519.pdf Financial Creditors Claim as on 22.05.2019]</ref><ref>[https://www.bloomberg.com/news/articles/2019-07-07/scandal-hit-indian-lender-uncovers-fresh-555-million-bank-fraud Scandal-Hit Indian Lender Uncovers Fresh $555 Million Bank Fraud, Iain Marlow and Suvashree Ghosh, Bloomberg, 6 July 2019]</ref>

In April 2019, the Tata Steel board approved the merger of Bamnipal Steel and Tata Steel BSL (formerly Bhushan Steel Ltd) with itself.<ref>{{cite news | url=https://economictimes.indiatimes.com/markets/stocks/news/tata-steel-board-approves-merger-of-bamnipal-steel-tata-steel-bsl/articleshow/69045850.cms | title=Tata Steel board approves merger of Bamnipal Steel & Tata Steel BSL | first=Rakhi | last=Mazumdar | newspaper=The Economic Times | date=25 April 2019 | access-date=13 December 2020 }}</ref>

==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.<ref name="Bhushan1"/>

Rajeev Singhal is the managing director of Tata Steel BSL Limited.<ref name="Bhushan1"/>

The [[Khopoli]] plant in [[Maharashtra]] 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.<ref>[https://web.archive.org/web/20130117042320/http://bhushan-group.org/khopoli.asp Bhushan Steel - Khopoli]</ref>

At its Sahibabad plant in [[Ghaziabad, India|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.<ref name = "Bhushan1"/>

At its Meramandali, [[Dhenkanal, India|Dhenkanal]] plant in [[Odisha]], Tata Steel BSL produces hot rolled coils and has mills for hot rolling. Construction of the first phase is being carried out.<ref name = "Bhushan1"/>

==References==
{{Reflist}}{{Tata Steel}}{{Tata Group}}{{Steel industry of India}}

[[Category:Steel companies of India]]
[[Category:Companies based in New Delhi]]
[[Category:Manufacturing companies based in Delhi]]
[[Category:Manufacturing companies established in 1987]]
[[Category:1987 establishments in Delhi]]
[[Category:Indian companies established in 1987]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Tata Steel BSL - Revision history

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