Bids for Bhushan Steel to open today. The bids, which were submitted on February 3, will be opened in Deloitte’s Gurgaon office.

VijayKumar V Iyer is the IRP (insolvency resolution professional for Bhushan Steel). An executive from one of the bidding companies stated, “The bids will be opened in front of the representatives of the bidders. And then the bids will be sent to the Committee of Creditors (CoC). We don’t expect an official statement today.”

Moreover, once the Committee of Creditors admits the bids, the Committee will consider the resolution plans of interested parties.

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