Announced Mon, 5 Oct, 2026 · 15:08 IST
BMW Industries commissions colour coating line at Bokaro greenfield project
Greenfield CommissionedMajor Capex Above 10pct NetworthCapex & Operations View source PDFExplain this filing
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹53.38
prior close
₹54.26
base price
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AI summary
BMW Industries commissioned the colour coating line at its Greenfield Downstream Steel Complex in Bokaro, Jharkhand, marking the first phase. Total project cost is 803 crore with 341.6 crore deployed by June 2026 (139.2 crore internal accruals, 202.4 crore debt). Debt of 500 crore tied up from SBI, HDFC Bank and Yes Bank. Revenue from Q3 FY27 with phased ramp-up. Qualified for PLI 1.1 scheme and benefits under Jharkhand industrial policy.
Likely market impact
Positive milestone transitioning BMWIL into an integrated value-added steel player. Revenue starts Q3 FY27 with PLI benefits, supporting margins and growth.