BMW Industries Limited successfully tied up INR 5,000 million debt from a consortium of leading banks to fund its Greenfield Downstream Steel Complex at Bokaro, Jharkhand. The consortium is led by State Bank of India and includes HDFC Bank Limited and Yes Bank Limited. This financing forms part of the company's planned capital expenditure aimed at expanding downstream steel processing capacity and strengthening its long-term growth roadmap.
The funds raised will be deployed towards the Greenfield project at Bokaro, which is scheduled to commence phased operations in early FY27. 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 company already owns the industrial land for the project.
Strategically located approximately 300 kilometres from Haldia and Kolkata ports, the Bokaro facility will also provide BMWIL with access to global markets, supporting export opportunities in addition to domestic supply. The project underscores BMWIL's strategic focus on capacity creation in downstream steel, where demand visibility remains strong.
