Shares of Bhushan Steel Ltd are likely to come under pressure after the company informed the exchanges that an explosion happened at the steel plant at Meramandali in Odisha. The incident led to the demise of one person and 19 were injured. Meanwhile, according to media reports, 42 foreign engineers left the site on security concerns. The exodus followed the order of inquiry by the State Government. The Odisha State Pollution Control Board has also decided to file a case against the company for commissioning the second blast furnace without its prior consent.
Blast to weaken Bhushan Steel
November 17, 2013: