BMW to set up 803.47 INR-Crore steel complex in Jharkhand

BMW Industries plans to invest an estimated 803.47 INR-Crore in establishing a greenfield downstream steel complex in Bokaro, Jharkhand. The company announced setting up the project on Thursday, March 20. This project marks a significant step in the company’s expansion strategy in the steel processing sector.

The upcoming BMW steel complex in Jharkhand will produce cold-rolled full hard coils, galvanized coils, and color-coated coils. The breakdown comprises 3 Lakh-TPA of cold rolled full hard coil/sheets production, 5.4 Lakh-TPA galvanised coil/sheets, and 2 Lakh-TPA color coated coils/sheets production. With an annual capacity of 10.4 Lakh-tonnes, it aims to meet both domestic and global steel demand.

Also Read: Sardar Vallabhbhai Patel Sports Enclave, Ahmedabad, Gujarat

The project will be financed through a combination of internal accruals and debt. BMW Industries plans phased operational launches for this Jharkhand steel complex, with the first phase expected to commence in FY 2026-27. The company has already acquired industrial land for this project. Leveraging its location near raw material sources, the complex will ensure efficient supply chain operations.

Biltrax Construction Data is tracking 34,000+ projects on their technology platform for their clients.

Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.

Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.

Schedule a demo

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.