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Bhushan Steel puts off plan to set up steel plant

Thursday, 22 Dec 2011
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Bhushan Steel has called off its plan to set up a steel plant.

The company will not be setting up the proposed plant in West Bengal owing to problems in land acquisition. Also, the company has deferred its plans to raise Rs 5,200 crore through a share issue due to weak financial markets. The company has the capacity to produce 2.2 million tpa of hot-rolled steel.

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