Tata Steel offers $5.4 billion to take over Bhushan Steel
Updated : April 12, 2018 04:53 PM IST
Tata Steel plans to inject more than 90 billion rupees into Bhushan Steel to modernise and ramp up its facilities, the source said.
The company had received bids from Tata Steel and top Indian steelmaker JSW Steel.
Bhushan Steel is one of the biggest producers of cold-rolled steel products.