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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 : Tata Steel Announces ₹15,000 Crore Capex Plan for FY2025–26 Across India, UK, and Netherlands Tata Steel Shares Climb 3% Ahead of Q4 FY25 Results
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