BMW Industries signs MoU with Ministry of Steel under PLI 1.1 for Specialty Steel

BMW Industries Limited (BMWIL), a leading manufacturer in the downstream steel sector, has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalized on March 24, 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. This investment is part of the previously announced capex plans by the company.