New Delhi: With effect from November 27, 2018, Bhushan Steel Limited (“Company”) is renamed as Tata Steel BSL Limited. The Ministry of Corporate Affairs, Government of India has accorded its formal approval for this on the same date.
The name change is part of the process to integrate the Company’s operations within the Tata Steel fold and to align to the Tata brand and also to give the Company a singular identity with the Tata Group.
On May 18, 2018, Bamnipal Steel Limited (BNPL), a wholly-owned subsidiary of Tata Steel, acquired a controlling stake of 72.65% in the Company. The acquisition was in accordance with the approved Resolution Plan under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016.
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