BMW Industries achieves financial closure for its Bokaro steel project, securing INR 500 crore from a consortium of leading banks.
Jan 12, 2026
BMW Industries has secured INR 500 crore in debt financing from a bank consortium led by State Bank of India, with participation from HDFC Bank and Yes Bank. The funds will support the development of a greenfield downstream steel complex in Bokaro, Jharkhand.
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The facility will have an annual capacity of 3,00,000 TPA of cold rolled full hard coils, 5,00,000 TPA of galvanized coils, and 2,00,000 TPA of color-coated coils. Scheduled for phased commissioning in early FY27, the strategically located plant will cater to domestic and export markets, strengthening BMW Industries’ downstream presence and long-term growth strategy.
