BMW Industries is planning to expand its business by establishing a manufacturing plant in Bokaro, in the state of Jharkhand, which is the second-highest steel-producing state in the country.
The proposed project involves the development 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 project will be located at Bokaro, Jharkhand.
The total project cost is estimated at Rs 803.47 crore, which will be funded through a mix of Internal Accruals and Debt. The Company already possesses the required land, which is designated for industrial use and will serve as the site for this greenfield project. The proposed project will create long-term value for the Company and its stakeholders by strengthening its presence in the downstream steel processing sector and expanding its market reach.
BMW Industries is primarily engaged into manufacturing, processing and selling of steel products comprising of engineering and other products and services and activities related to the same.
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|---|---|
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