With reference to the news flashed on CNBC TV 18, dated June 05, 2015 captioned "Bhushan Steel gets lenders NOD for restructuring." Bhushan Steel Ltd has Clarified to BSE as under:<BR><BR>"As referred in the news, on 15th December 2014, RBI announced a scheme for long term structuring of Loans in line with Cash Flows. The Joint Lenders Forum have agreed to extend the Loans of BSL for a tenure of 25 years under the said scheme. However, the respective authorities of the banks have to approve the scheme, which is under process with the respective banks.<BR><BR>We have received the sanction from some banks only however the sanction from rest of the Banks are still awaited."
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