Bhushan Steel hits 52-week high on heavy volumes

Thus far in the calendar year 2017, the stock zoomed 123% against 12% rise in Sensex

Bhushan Steel hit 52-week high of Rs 90.40 on BSE in intra-day trade on back of heavy volumes, after the company said it is in discussion with banks for arriving at long terms solution for the debt but nothing is finalised so far.

There is no other discussion being done with any other bank for refinancing. As nothing has so far materialized therefore no disclosure was given pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company made a clarification on news item appeared in the CNBC TV18 dated 08-05-2017 captioned "Bhushan Steel