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Bhushan Steel Ltd

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Why the stock price has increased?

Bhushan Steel touched lifetime high and closed up 16.79% at Rs 506.85 after the company placed an order worth of Rs 160 crore with Larsen and Toubro (L&T) subsidiary Metallurgical, Material Handling & Water Operating Company.

The order is for the design, engineering, manufacture and supply of conveyor and auxiliary equipment for the raw material handling system at their ongoing 6 MTPA integrated steel plant at Meramandali, Orissa. The order has to be executed in 16 months.

Open - 440.00
High - 511.80
Low - 440.00
Close - 506.85
Previous close (01 Oct 2010) - 434.00
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