Debt-ridden Bhushan Steel has reported a net loss of Rs 1,130.65 crore in the fourth quarter ended March 31, 2017, much larger than Rs 756.76 crore mentioned in the unaudited results in May this year.
The troubled steel maker has also re-designated some of its key officials that include giving additional charge of CEO to Vice-Chairman and Managing Director Neeraj Singal.
The company re-designated whole time Director (Technical) Rahul Sen Gupta as whole time Director (Technical) and Executive Vice-President (Technical).
Whole time Director (Commercial) P K Agarwal was re- designated as whole time Director (Commercial) and Executive Vice President (Commercial), the company said in a filing to the BSE.