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Bhushan Steel will shut its diversified unit at Dhenkanal in Odisha for 20 days as the steelmaker plans to expand its hot-strip product capacity to 5 million tonnes a year, from 4 mt currently, the company said in a statement to the exchanges on Monday. The steelmaker’s Odisha unit produces various products such as sponge iron, billets & hot-rolled coils and plates. Shares of Bhushan Steel on Monday ended 0.4 per cent higher at ₹42.30 on the NSE.
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