BMW Industries zooms on bagging order from Tata Steel along with arm
BMW Industries is currently trading at Rs. 56.34, up by 2.84 points or 5.31% from its previous closing of Rs. 53.50 on the BSE.
The scrip opened at Rs. 54.50 and has touched a high and low of Rs. 59.75 and Rs. 54.50 respectively. So far 576656 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.05 on 02-Aug-2024 and a 52 week low of Rs. 39.36 on 13-Mar-2025.
Last one week high and low of the scrip stood at Rs. 59.75 and Rs. 53.07 respectively. The current market cap of the company is Rs. 1268.36 crore.
The promoters holding in the company stood at 74.36%, while Non-Institutions held 25.64% stake in the company.
BMW Industries and its wholly-owned subsidiary, BMW Iron & Steel Industries have bagged an order from Tata Steel 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 Rs 188.60 crore for BMW Industries and Rs 176.09 crore 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.
BMW Industries is also progressing with the development of its Rs 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.
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.
