Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. The Enforcement Directorate (ED) has provisionally attached assets worth Rs 61 crore, including agriculture land in Raigad district and warehouses, in a money laundering case they are investigating against promoters of Bhushan Steel Limited (BSL) and Bhushan Energy Limited (BEL). The National Company Law Tribunal (NCLT) on Thursday approved JSW Steel's Rs 19,700 crore resolution plan for debt-ridden Bhushan Power & Steel Ltd (BPSL). JSW Steel on Friday posted a 69 per cent jump in its consolidated net profit to Rs 4,516 crore for the quarter ended December, mainly on account of higher income. The National Company Law Appellate Tribunal (NCLAT) on Friday asked the Enforcement Directorate to file a final affidavit containing developments related to attachment of Bhushan Power & Steel Ltd (BPSL) assets. Bhushan Power & Steel Limited employees rate the overall compensation and benefits package 2.9/5 stars. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Over 85% of the ongoing corporate insolvency cases have dragged beyond 270 days, which was the upper limit for finalisation of the process. As the loan has already been fully provided for by lenders, the amount will add to their bottom lines for the quarter ended March 31, 2021. Public sector banks are in for a windfall this week with JSW Steel set to close the Bhushan Power and Steel acquisition for Rs 19,350 crore. The National Company Law Appellate Tribunal (NCLAT) on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate. The National Company Law Appellate Tribunal (NCLAT) will hear JSW Steels plea on Monday seeking immunity from criminal proceedings in a bank fraud case against Bhushan Powers erstwhile promoter. Tata Power and ICICI Venture-promoted Resurgent Power will take control of South East UP Power Transmission Company after offering over Rs 3,200 crore to the creditors of the bankrupt asset. State Bank of India, the country's largest lender by assets, on Friday posted a record quarterly profit, helped by lower provisions for bad loans, and announced its first dividend in four years. Singhal, who has now been ousted from his company, and Ambani had questioned the validity of the provisions. Inspector-in-charge of Thelkuli police station Prakash Karna said so far five persons have been injured in the incident. The state government on Tuesday approved five investment proposals in the metal sector worth Rs 1.46 lakh crore with an aim to double steel production in the state over the next few years. Five persons were injured after an explosion in a boiler of the Bhushan Power and Steel Limited (BPSL) at Thelkuli under Thelkuli police station limits on Friday. Bhushan Power & Steel Limited Salaries by Location, Check out the latest Bhushan Power & Steel Limited Jobs & Careers. The Enforcement Directorate (ED) on Friday filed a charge sheet against former Bhushan Power and Steel Ltd chairman and managing director (CMD) Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank loan fraud. The National Company Law Appellate Tribunal will hear the plea of JSW Steel, which has emerged as the highest bidder for Bhushan Power & Steel Ltd, seeking immunity from the ongoing cases of money laundering against the latter on October 14. The ED has provisionally attached a residential bungalow worth Rs 191 crore adjoining Ceejay House, Worli, in the money laundering case related to a bank fraud case against Sanjay Singal, ex-CMD of Bhushan Power & Steel Ltd (BPSL), and others, reports Vijay V Singh. The high-level clearance authority (HLCA) led by chief minister Naveen Patnaik on Tuesday approved five investment proposals worth Rs 1.46 lakh crore in metal sector, with an aim to double states steel production over next a few years. A two-member principal bench of the NCLT headed by president Justice M M Kumar has also said the criminal cases against the promoters of BPSL for siphoning of the funds from the company will not impact JSW Steel as its new promoter. For reprint rights: Times Syndication Service, Company backed by Tata Power acquires UP energy firm, Co backed by Tata Power acquires UP energy firm, Money laundering probe: ED attaches Mumbai building worth Rs 190 cr in case against ex-BPSL CMD, Reforms help banks recover Rs 5.5 lakh crore of bad debt: Govt, Odisha approves five investment proposals worth Rs 1.46 lakh crore, Odisha OKs five projects worth Rs 1.46 lakh crore, Mumbai: ED seizes BSL, BEL promoters assets worth Rs 61 crore, 86% insolvency cases pending over 270 days, SBI Q4 profit jumps 80%, announces first dividend in four years, High on e-play, Tatas need to refuel aviation business, PSU banks to get Rs 19k cr Bhushan windfall this week, Bhushan Steel case: Rs 191 crore bungalow in Mumbai's Worli attached, JSW Steel Q3 net rises 69% to Rs 4,516 crore; output at 5.21 MT, Lenders to Bhushan Power clear JSW Steels Rs 19,000-crore plan, Tatas Rs 12k cr bid bags PSU steel co Neelachal, Government to challenge Anil Ambanis stance on personal guarantee law, Five injured in explosion at plant at Thelkuli, Expert Appraisal Committee defers green clearance grant to JSW project, Tatas' 12k cr bid bags PSU steel co Neelachal, NCLAT allows JSW Steel to acquire Bhushan Power, Odisha: Bhushan Steel accused of Rs 80 crore tax fraud, NCLAT asks ED, MCA to reach consensus on BPSL assets, NCLAT directs ED to file final affidavit in BPSL assets attachment matter, ED files charge sheet before Delhi court against ex-BPSL CMD Sanjay Singal in money laundering case, Immunity cover to allow JSW takeover of Bhushan Power, Bhushan Power case: NCLAT to hear JSW Steel's plea on October 14, NCLT approves JSW Steel's Rs 19,700 crore bid for Bhushan Power & Steel, Former BPSL CMD Sanjay Singal sent to 7 days custody in money laundering case, NCLAT to hear JSW Steels immunity plea today, CBI raids Bhushan Steel and Power's premises in Rs 2,348 crore bank fraud case, Terms of Use and Grievance Redressal Policy. The state unit of Bhushan Power and Steel Limited has come under the scanner of the directorate general of GST intelligence (DGGI) for allegedly evading GST and central excise duty amounting to Rs 80 crore. While the states existing steel-making capacity is about 30 mtpa, the high-level clearance authority led by chief minister Naveen Patnaik approved another 27.5 mtpa capacity. Earlier, the ED had attached assets worth Rs 4,230 crore in the BPSL case. The Expert Appraisal Committee (EAC), under the Union ministry of environment, forest and climate change (MoEF & CC), has deferred the grant of environment clearance to JSW Utkal Steels proposal for an integrated steel plant near Paradip in Jagatsinghpur district. It also directed impleading the ministry of corporate affairs, the CBI and the Enforcement Directorate as party in the matter. Copyright 20082022, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The government and the Insolvency & Bankruptcy Board of India (IBBI) are set to challenge the position taken by Anil Ambani and former Bhushan Power and Steel chairman Sanjay Singhal, questioning the invocation of their personal guarantee. Billionaire Sajjan Jindal-owned JSW Steel has bagged Bhushan Power through the bankruptcy process for Rs 19,700 crore. All five approved proposals are expansion of existing facilities. Tata Power and ICICI Venture-promoted Resurgent Power will take control of South East UP Power Transmission Company after offering Rs 3,200 crore to the creditors of the bankrupt asset. One person, who was severely injured, was shifted to VIMSAR, Burla. The firm had clocked a net profit of Rs 2,669 crore in the year-ago period, it said in a regulatory filing. The average Bhushan Power & Steel Limited salary ranges from approximately 3,29,226 per year for, Assistant Engineer salaries - 9 salaries reported, Graduate Engineering Trainee GET salaries - 2 salaries reported, Graduate Engineer Trainee salaries - 2 salaries reported, Electrical Engineer salaries - 2 salaries reported, Assistant Manager salaries - 2 salaries reported, Power Plant Operations salaries - 1 salaries reported, Junior Engineer salaries - 1 salaries reported, Electrical Technician salaries - 1 salaries reported, Production Engineer salaries - 1 salaries reported, Assistant Engineer Stores salaries - 1 salaries reported, Quality Assurance Engineer salaries - 1 salaries reported, General Manager salaries - 1 salaries reported, Project Engineer salaries - 1 salaries reported, CRM Operations salaries - 1 salaries reported, Service Desk Engineer salaries - 1 salaries reported, Data Entry Clerk salaries - 1 salaries reported, Electrical Maintenance Engineer salaries - 1 salaries reported, Bhushan Power & Steel Limited Jobs & Careers. A court here on Saturday granted seven days' custody of former Bhushan Power and Steel Ltd CMD Sanjay Singal to the Enforcement Directorate (ED) for interrogation in its probe in a multi-crore money laundering case linked to an alleged bank loan fraud. The ED case of money laundering was filed against Singal and others on the basis of a CBI FIR lodged in April, 2019. Latest data released by the Insolvency & Bankruptcy Board of India (IBBI) on Monday showed that up to December, 1,481 of the 1,717 pending cases had extended beyond 270 days.

The average Bhushan Power & Steel Limited salary ranges from approximately 3,29,226 per year for an Assistant Engineer to 3,29,226 per year for an Assistant Engineer.