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Fear of monopoly and cartelization real as bidding for Bhushan Power & Steel and Bhushan Steel enters final phase

The bankruptcy proceedings for troubled steel companies, specifically Bhushan Steel and Bhushan Power & Steel, will trigger off issues of unfair competition if Tata Steel or JSW are successful in their efforts to buy both the stressed assets. While consolidation would obviously be helpful to the steel industry, it likely that the bidding…
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