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Bhushan Steel confirms on news item

With reference to the news item appearing in a leading financial daily dated February 07, 2008, titled “Bhushan lines up Rs 26,000 cr for 12 mt capacity in east India”, Bhushan Steel Ltd has confirmed to BSE that the Company is setting up projects in the eastern region comprising of West Bengal, Jharkhand and Orissa with total investment around Rs 26,000 Crore to build 12 million tonne capacity as detailed here under:

1. Production Facilities: Backward Integration Hot Rolled Coil project in the State of Orissa.
- Capacity: 4 Million Tonne
- Approx. Investment: Rs 5150 Crore

2. Production Facilities: Expansion of existing plant in Orissa
- Capacity: 3 Million Tonne
- Approx. Investment: Rs 5050 Crore

3. Production Facilities: Integrated Steel Plant in the State of West Bengal for having facilities of Steel Slab Plant, Coke Oven Plant, Captive Power Plant etc.
- Capacity: 2 Million Tonne
- Approx. Investment: Rs 8800 Crore

4. Production Facilities: Steel Plant in the State of Jharkhand along with Captive Power Plant
- Capacity: 3 Million Tonne
- Approx. Investment: Rs 7000 Crore.

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