India's Bhushan Steel to Invest $6.1 Billion in 6 Million-Ton Value-Added Steel Mill

BANGALORE, INDIA--March 10, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading Indian manufacturer of auto-grade steel Bhushan Steel Limited (BSE:500055) (New Delhi) plans to invest $6.1 billion to develop a value-added steel mill at Bellary in the southern Indian state of Karnataka. Company officials from Bhushan Steel told Industrial Info that the proposed mill will have the capacity to produce 6 million tons per year of hot-rolled coil.