BMW Industries to Establish a Green-field Downstream Steel Complex in Bokaro, Jharkhand with ¥ 803.47 crore Capex

BMW Industries Limited, a leading manufacturer in the steel sector, has announced its plan to establish a Green-field Downstream Steel Complex in Bokaro, Jharkhand. The project, which will cost ¥ 803.47 crore, will be funded through a mix of Internal Accruals and Debt. The new complex will have 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 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 Company already possesses the required land for this greenfield project. The location offers strategic advantages such as proximity to raw material sources, the Haldia/Kolkata port, and being in a well-established industrial hub.