BMW Industries Limited (BMWIL), a leading manufacturer in the downstream steel sector,
announced today that it has signed a Memorandum of Understanding (MoU) with the
Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Speciality Steel.
The MoU was formalized on March 24th, 2025, at Vigyan Bhawan, New Delhi.
As a qualified beneficiary of the PLI scheme, BMWIL will manufacture ‘Coated/Plated Steel
Products of Metallic/Non-Metallic alloy’ & ‘Al-Zn Coated (Galvalume’ products at its
upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand.
The company previously announced its capex plans in a Press Release dated March 19th
,2025, which may be accessed through the following link:
https://www.bseindia.com/xmldata/corpfiling/AttachLive/d232768a-272a-420d-976c-fc44a1e0225a.pdf.
The aforementioned investment under PLI 1.1 relates to this Greenfield project.
Commenting on the occasion, Mr. Harsh Bansal, Managing Director of BMW Industries
Limited, said, “We are honoured to be qualified under the PLI Scheme of the Ministry of
Steel, led by the Honourable Minister for Steel & Heavy Industries, Shri H D
Kumaraswamy.
This milestone will fortify our downstream steel capabilities and expand our
footprint in both domestic and international markets. With our strategically positioned Bokaro plant and seamless access to key resources, we are confident this project will create enduring value for our stakeholders while contributing to the government’s vision of
advancing specialty steel production in India. Aligned with our Honourable Prime
Minister’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, we remain committed to
promoting self-reliance and driving growth in the steel sector”
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 marquee steel players 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.
