Disclosure Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015-RegBMW Industries Limited Completes Financial Closure for Greenfield Downstream ....
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BMW Industries Ltd has secured ₹500 crore in debt financing from a banking consortium led by State Bank of India, with HDFC Bank and Yes Bank as participants, for its Greenfield Downstream Steel Complex in Bokaro, Jharkhand. The project will produce 300,000 tonnes per annum of Cold Rolled Full Hard Coil/Sheet, 540,000 TPA of Galvanized Coil/Sheet, and 200,000 TPA of Color Coated Coils/Sheets. Phased operations are scheduled to begin in early FY27. The company already owns the land and benefits from proximity (~300 km) to Haldia and Kolkata ports, supporting both domestic and export markets. The MD emphasised financial prudence and a calibrated approach to capital deployment.
This new credit facility funds a major capacity expansion that could drive future revenue growth, but also adds ₹500 crore of debt to the balance sheet. Shareholders should monitor timely project execution and ramp-up of operations from FY27 onward.