BMW Industries Limited is planning to expand its business by establishing a manufacturing plant in Bokaro, in the state of Jharkhand, which is the second-highest steel-producing state in the country. The proposed project involves the development of a Downstream Steel Complex with an annual production capacity of 300,000 TPA of Cold Rolled Full Hard Coil/Sheet; 540,000 TPA of Galvanized Coil/Sheet, and 200,000 TPA of Color Coated Coils/Sheets. The project will be located at Bokaro, Jharkhand.
The total project cost is estimated at Rs. 803.47 crore, which will be funded through a mix of Internal Accruals and Debt. The Company already possesses the required land, which is designated for industrial use and will serve as the site for this greenfield project.
Strategic Advantages: This expansion will enable the Company to leverage its existing strengths in downstream steel processing and cater to the growing demand across the country. Additionally, the project’s proximity to the Haldia/Kolkata port, located at a distance of approximately 300 kms, will facilitate access to global markets. The location also offers the advantage of being close to raw material sources, ensuring a steady supply chain. Furthermore, the Bokaro Industrial Area is a well-established industrial hub with adequate availability of resources, which will support smooth execution and
operation of the plant.
Environmental Clearances: The Company has obtained the necessary Consent to Establish from the Jharkhand State Pollution Control Board.
Project Timeline and Execution: The Company possesses the requisite technical, commercial, and management expertise to execute this project efficiently. The project is expected to become operational in stages over the next 2 years, with the first plant slated to begin its commercial operations in FY26.
The Board of Directors believes that the proposed project will create long-term value for the Company and its stakeholders by strengthening its presence in the downstream steel processing sector and expanding its market reach. Further updates on the progress of the project will be communicated in compliance with applicable regulations.
About BMW Industries Limited
BMW Industries Limited is one of the leading manufacturers in the steel sector engaged in the manufacturing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, etc, and processing the same for marquee steel players in India.
Incorporated in 1981, the Company is in Eastern Region with its registered office in Kolkata, West Bengal. The Company has been processing for Tata Steel (TSL) for more than 30 years having units in West Bengal and Jharkhand and has a joint venture with SAIL
(Steel Authority of India Limited). BMWIL has successfully developed capabilities to become a trusted partner of choice for its customers and is strategically positioned in the value chain that has cushion during steel cycles.
