Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, was the largest manufacturer of auto-grade steel in India. Tata Steel BSL Limited, with an amount of debt in proportion to its equity (0.5 times more). The company's consolidated debt stands at ₹10,686 crore. The Company was spending Rs. 260 billion to expand its capacity to 12 million tonnes annually, from the present installed capacity of around one million tonnes. In April 2019, the Tata Steel board approved the merger of Bamnipal Steel and Tata Steel BSL (formerly Bhushan Steel Ltd) with itself.