BMW Industries Limited Proposes Steel Manufacturing Plant in Bokaro

New Delhi, March 20, 2025: BMW Industries Limited plans to expand its business by establishing a manufacturing plant in Bokaro, Jharkhand, 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 tonnes per annum (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 total project cost is estimated at INR 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.

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 km, 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.

The company has obtained the necessary consent to establish from the Jharkhand State Pollution Control Board.

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.