The latest information is that Tatas is the lead bidder for Bhushan Steel and Bhushan Power and Steel - both the companies came up for court-led insolvency proceedings after they defaulted loans. Tata Steel's surprise bid of Rs 35,000 crore for 5.6 million tonne (MT) Bhushan Steel is Rs 5,300 crore higher to rival JSW Steel's offer. It became the lead bidder for Bhushan Power with the bid of Rs 24,500 crore.