BMW Industries Signs Agreement with Indian Oil for PNG Supply
Filing Summary
BMW Industries Limited has entered into an agreement with Indian Oil Corporation Limited for the supply of Piped Natural Gas (PNG). The agreement was signed at the Eastern Region Pipelines Headquarters in Kolkata. This partnership is intended to facilitate the use of cleaner energy at BMW Industries’ upcoming manufacturing facility in Bokaro. The agreement aligns with BMW Industries’ strategy to transition to sustainable energy sources and enhance operational efficiency. The disclosure complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
BMW Industries Limited has entered into an agreement with Indian Oil Corporation Limited for the supply of Piped Natural Gas (PNG). The agreement was signed on March 5, 2026, at the Eastern Region Pipelines Headquarters in Kolkata. This strategic partnership is designed to enable cleaner and more efficient energy usage at BMW Industries’ forthcoming manufacturing facility in Bokaro.
The adoption of natural gas is intended to support BMW Industries’ transition towards cleaner energy sources. The agreement is expected to enhance operational efficiency and reduce the carbon footprint of its manufacturing processes. This development is part of BMW Industries’ ongoing efforts to adopt sustainable industrial practices.
BMW Industries has a joint venture with Steel Authority of India Limited (SAIL), with a plant located in Bokaro. The company operates across multiple segments of the steel value chain, focusing on downstream steel products and processing services. It manufactures HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, and processes these for major steel players in India.
This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested that this information be taken on record by the relevant authorities.
Indian Oil Corporation Limited is a leading public sector enterprise in India, engaged in refining, pipeline transportation, and marketing of petroleum products. The company is also involved in the exploration and production of crude oil and natural gas, as well as the marketing of natural gas and petrochemicals.
BMW Industries Limited is a prominent manufacturer in the steel services sector. The company is strategically positioned in the value chain to add value to its customers through manufacturing and supply chain services. Incorporated in 1981, BMW Industries continues to develop capabilities to become a trusted partner of choice for its customers.