Bhushan Power & Steel London IPO Review

 

Bhushan Power & Steel London IPO Review

Bhushan Power & Steel is the Indian group planning to hit the London Stock Exchange in the year 2011. The company is planning to raise a US $ 710 Million through this IPO.

It is a fully integrated 2.3 Million TPA Steel making Company with turnover of INR 4217 Crores (USD 937 Million) and 7 World Class ISO 9000 Certified State of the Art Plants at Chandigarh, Derabassi, Kolkata and Orissa in India.

A leading manufacturer of flat, rounds and long products including value added products with total steel value chain right from Coal Mining, Billets, HR Coils, Pig Iron, CR Coils, GP/GC, Precision Tubes, Black Pipe/GI Pipe, Cable Tapes, Tor Steel, Wire Rod and Special Alloy Steel.

Over all, the company is fundamentally strong and one can invest in this company with a long time horizon. It’s really a good IPO.