Powered by: Motilal Oswal
2025-03-25 11:58:55 am | Source: IANS
BMW Industries zooms on inking MoU with Ministry of Steel under PLI 1.1 for specialty steel
BMW Industries zooms on inking MoU with Ministry of Steel under PLI 1.1 for specialty steel

BMW Industries is currently trading at Rs. 47.69, up by 2.66 points or 5.91% from its previous closing of Rs. 45.03 on the BSE.

The scrip opened at Rs. 46.90 and has touched a high and low of Rs. 49.51 and Rs. 46.20 respectively. So far 642530 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. 49.51 and Rs. 42.42 respectively. The current market cap of the company is Rs. 1073.66 crore.

The promoters holding in the company stood at 74.36%, while Non-Institutions held 25.64% stake in the company.

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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here