BMW Industries Ltd. Completes Financial Closure for Greenfield Downstream Steel Project with ₹ 500 Crore Debt

BMW Industries Limited has successfully secured ₹ 500 crore in debt from a consortium led by SBI, HDFC Bank and Yes Bank to fund its Greenfield Downstream Steel Complex at Bokaro, Jharkhand. This financing is part of the company’s planned capital expenditure aimed at expanding downstream steel processing capacity and strengthening its long-term growth roadmap. 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 company already owns the industrial land for the project. The Bokaro facility will provide BMWIL with access to global markets, supporting export opportunities in addition to domestic supply.