MoneyWorks4Me

BMW Industries inks MoU with Ministry of Steel under PLI 1.1 for specialty steel

25 Mar 2025 Evaluate

BMW Industries (BMWIL) has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. As a qualified beneficiary of the PLI scheme, BMWIL will manufacture ‘coated/plated steel products of metallic/non-metallic alloy’ & ‘Al-Zn Coated (Galvalume)’ products at its upcoming greenfield downstream steel complex in Bokaro, Jharkhand.

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.

Peers
Company Name CMP
JSW Steel 1221.55
Tata Steel 175.00
Steel Authority 169.85
Jindal Stainless 732.95
APL Apollo Tubes 2140.00
View more..