The stock soared 12.79 percent to settle at Rs 48.50 on BSE. During the day, it jumped 18 per cent to Rs 50.75. At NSE, shares of the company advanced by 13.17 percent to Rs 48.55.

Volumewise, 12.94 lakh shares of the company changed hands at BSE and over 51 lakh shares were traded at NSE during the

In a clarification to BSE, the firm today said, "Our discussion regarding sale and lease back arrangements of Cock Oven Plant-I and Oxygen plant-V of the company is at final

Bhushan Steel had last month informed BSE that its board has considered and approved "sale & lease back arrangements of Cock Oven Plant -I and Oxygen Plant -V of the company situated at integrated steel plant, Meramandali, Odisha".

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