BMW Industries Secures ₹500 Crore for Bokaro Steel Project
Filing Summary
BMW Industries Limited has finalized a ₹500 crore debt arrangement with a consortium led by State Bank of India, HDFC Bank, and Yes Bank. The funds will support the development of a Greenfield Downstream Steel Complex in Bokaro, Jharkhand. The project will feature 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. Operations are expected to begin in early FY27. The facility’s strategic location will facilitate both domestic supply and export opportunities.
BMW Industries Limited has completed the financial closure for its Greenfield Downstream Steel Complex in Bokaro, Jharkhand. The company has secured a debt arrangement of ₹500 crore from a consortium of banks led by the State Bank of India, with participation from HDFC Bank and Yes Bank. This funding is intended to support the company’s capital expenditure for the new steel complex.
The financial arrangement involves a ₹500 crore debt facility, which will be used to fund the development of the Bokaro steel project. The consortium of banks, led by the State Bank of India, includes HDFC Bank and Yes Bank. This financing is part of BMW Industries’ strategy to expand its downstream steel processing capacity, aligning with its long-term growth plans.
The Bokaro project will involve the construction of a Downstream Steel Complex with 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 company already owns the industrial land required for this project. The strategic location of the facility, approximately 300 kilometers from Haldia and Kolkata ports, will provide BMW Industries with access to global markets, enhancing export opportunities alongside domestic supply.
The project is scheduled to commence phased operations in early FY27. The strategic location of the Bokaro facility will support BMW Industries’ focus on capacity creation in downstream steel, where demand visibility remains strong. The company aims to leverage its existing strengths in downstream steel processing to meet growing demand across the country.
BMW Industries Limited is a prominent player in the steel services sector, focusing on downstream steel products and processing services. The company manufactures HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, and TMT rebars, and processes these for major steel players in India. Established in 1981, BMW Industries operates manufacturing units in West Bengal and Jharkhand and has a joint venture with the Steel Authority of India Limited in Bokaro. The company is strategically positioned to add value to its customers through manufacturing and supply chain services.