Stock Report

BMW Industries bags ₹364.69 Crore Order from Tata Steel for Tube Conversion

Posted On : 2025-05-21 15:00:17( TIMEZONE : IST )

BMW Industries Limited, one of India's largest steel processing companies, and its wholly-owned subsidiary, BMW Iron & Steel Industries Limited, bagged an order from Tata Steel Limited for conversion of hot rolled (HR) coils into tubes. The work will be executed at BMW's Hazibagan, Howrah plant and BMW Iron & Steel's Jamshedpur facility. The contract is valid until October 31, 2027, with a total value of ₹188.60 crores for BMW Industries and ₹176.09 crores for BMW Iron & Steel, respectively.

The objective is to sustain the order of Tata Steel, ensuring optimum utilization of existing infrastructure for coil processing. These contracts are part of BMW Industries regular business activities and reflect the continuity of core operations that deliver consistent revenue. The company will execute the orders using its existing facilities and aims to utilize this engagement to enhance operational efficiency and sustain business momentum through FY27.

Harsh Bansal, Managing Director at BMW Industries Limited, said, "As one of the most leading players in the steel industry, Tata Steel has set benchmarks in quality, innovation, and sustainability. Their continued trust in us through this extended order is a strong endorsement of our capabilities as a processing partner. We take pride in supporting a company of Tata Steel's stature and legacy. In the past week, we were honoured with the renewal of our contract for the CRM complex till 2029, valued at 1764 crores."

"This new order not only reflects their confidence in our execution strength, quality standards, and plant infrastructure but also provides us with long-term revenue stability and improved asset efficiency. We remain focused on refining our core competencies, optimizing existing capacities, and growing steadily in response to industry demand. This renewed engagement until 2027 strengthens our order book and reinforces our commitment to delivering reliability and value across all our operations.", he added.

BMW Industries is also progressing with the development of its ₹803.47 crore Greenfield Downstream Steel Complex in Bokaro. This facility is being set up to manufacture high-grade specialty steel, including coated and Al-Zn coated (Galvalume) products, catering to both domestic and global markets. The Bokaro project is a key part of the company's expansion strategy, aimed at increasing its capacity and market presence in the value-added steel segment.

With this announcement, BMW Industries remains committed to deliver reliable, efficient, and timely steel processing services. The company continues to focus on its operational roadmap and strategic capacity expansion in the steel sector.

Shares of BMW Industries Ltd was last trading in BSE at Rs. 53.50 as compared to the previous close of Rs. 54.05. The total number of shares traded during the day was 288754 in over 1411 trades.

The stock hit an intraday high of Rs. 54.90 and intraday low of 53.20. The net turnover during the day was Rs. 15639495.00.