India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
BMW Industries secures ₹365 Cr order from Tata Steel for HR coil conversion.
Contract valid until October 2027; shares rise 5.7% to ₹56.55.
Company advancing ₹803 Cr Bokaro steel complex project.
BMW Industries Ltd. experienced a significant boost in its stock price, climbing 5.72% to ₹56.55, following the announcement of a substantial order from Tata Steel valued at ₹364.69 crore. This order encompasses the conversion of hot rolled (HR) coils into tubes and will be executed at BMW's Hazibagan plant in Howrah and its subsidiary BMW Iron & Steel's facility in Jamshedpur.
The contract is valid until October 31, 2027, with ₹188.60 crore allocated to BMW Industries and ₹176.09 crore to BMW Iron & Steel. This engagement aims to sustain Tata Steel's order pipeline and ensure optimal utilization of existing infrastructure for coil processing.
Harsh Bansal, Managing Director at BMW Industries, stated, "Tata Steel's continued trust in us through this extended order is a strong endorsement of our capabilities as a processing partner."
In addition to this order, BMW Industries is progressing with the development of its ₹803.47 crore Greenfield Downstream Steel Complex in Bokaro, aimed at manufacturing high-grade specialty steel for both domestic and global markets.
Also Read : India’s Steel Sector Takes Bold Steps Toward Decarbonization India now key semiconductor player, ₹2.50 lakh crore investment proposals received: Chandrasekhar
India’s HRC Export Prices Hold Steady, But Demand Stays Weak Export prices for Indian hot-rol...
Press Releases 15-Jul-2025
China’s Baosteel Zhanjiang Iron & Steel (part of China Baowu Group) has opened a direct re...
China 24-Jan-2024
ICRA predicts domestic steel consumption growth will slow to 7-8% in FY25, following three consecuti...
Ferrous 07-Mar-2024
Aluminium prices in London reached their highest level in almost two weeks on Wednesday as traders a...
Non-Ferrous 25-Jan-2024
PM Modi launched India's first automobile in-plant railway siding project (of Maruti Suzuki) in Guja...
Automobiles 12-Mar-2024
From April to January 2024, India saw a significant 6.60% increase in power generation compared to t...
Press Releases 27-Feb-2024