Tata Steel gets nod for â¹35,200 crore Bhushan Steel purchase
The National Company Law Tribunal has approved Tata Steel's â¹35,200 crore ($5.2 billion) resolution plan for Bhushan Steel, which owes its lenders about â¹56,000 crore. This will be Tata's biggest buy after its $12 billion acquisition of Corus Group in 2007. Tata Steel will now emerge as the largest steel producer in the country, ahead of JSW Steel.