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Tag: Bpsl

Former Bhushan Steel CMD Siphoned Off Rs 4,025 Cr: ED

New Delhi: The Enforcement Directorate has claimed that Bhushan Power and Steel Ltd’s (BPSL) former Chairman and Managing Director Sanjay Singal siphoned off an amount of Rs 4,025.23 crore fraudulently. “Sanjay Singal siphoned off an amount of Rs 4,025.23 crore by way of criminal activity related to a scheduled offence and has acquired, used and […]

Bank Fraud Case: ED Attaches Rs 4,025 Cr Assets Of BPSL

New Delhi: The Enforcement Directorate (ED) has attached immovable properties worth Rs 4,025.23 crore of Bhushan Power and Steel Limited (BPSL) in a money laundering case against the firm for siphoning off funds obtained as loans from various banks and financial institutions, the agency said on Saturday. The attached assets include land, building, plant and […]

Bhushan Power fraud: Allahabad Bank down 11%

Mumbai: In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday. At 9.22 a.m., the state-run Allahabad Bank was trading 11.24 per cent lower at Rs 41.85 on the BSE. […]

BPSL gets green nod for Rs 9,090-cr expansion project in Sambalpur

New Delhi: Kolkata-based Bhushan Power and Steel Ltd (BPSL) has received environment clearance for a Rs 9,090-crore crude steel expansion project in Odisha. To meet rising steel demand, the company has proposed to enhance production capacity of crude steel from 3 million tonnes per annum (MTPA) to 5.5 MTPA and captive power from 560 MW […]