BHUSHAN STEEL LTD. - Clarifies on News item

With reference to the new article appeared in The Economic Times on March 31, 2015 titled "Bhushan Steel Targets Orissa Sponge", Bhushan Steel Ltd has clarified to BSE as under:<BR><BR>"As referred in the news, we have had no discussion with promoters of Orissa Sponge iron & Steel Ltd. (OSISL).<BR><BR>The relevant information in this regard would certainly be announced to the exchanges under clause 36 of the listing agreement as soon as some discussion / negotiations take place."