Introduction:
Steel stock announced a ₹803.47 crore investment to establish a Greenfield Downstream Steel Complex in Bokaro, Jharkhand. The project aims to enhance production capacity of Cold Rolled, Galvanized, and Color Coated Sheets, strengthening its downstream steel processing capabilities.
Share Price movement of BMW Industries:
On March 20, 2025, BMW Industries Limited opened at ₹44.81, reaching a high of ₹48.00, up 10% from its previous close of ₹44.13, with a low of ₹44.61. The stock is currently trading at ₹46.66, with a market cap of ₹1,050.25 Crores.
BMW Industries announced capex:
BMW Industries Limited approved a ₹803.47 crore capex for a Greenfield Downstream Steel Complex in Bokaro, Jharkhand. The project will produce Cold Rolled, Galvanized, and Color Coated Coils/Sheets and be funded through internal accruals and debt.
The strategic location near Haldia/Kolkata port ensures better market access and raw material supply. The project received environmental clearance and benefits from the Bokaro Industrial Area’s resources, supporting smooth project execution and operational efficiency.
The project is set to begin operations in stages over two years, with the first plant starting by FY26. The Board expects this expansion to strengthen BMW Industries’ downstream steel processing presence and create long-term stakeholder value.
Also Read: Defence stock jumps 7% after receiving order worth ₹142.3 Cr from DRDO for anti missile applications
Stock performance of BMW Industries for Period of 1 week, 6 months and 1 year:
BMW Industries stock gained 8.40% over the past week, showing short-term momentum. However, it declined by 36.5% in the last six months. Over the one-year period, the stock recorded a negative return of 18.6%, reflecting weak long-term performance.
Also Read: IT stock jumps 15% after settling record date for ₹7.5 dividend
Shareholding pattern of BMW Industries:
Summary | Dec-24 | Sep-24 | Jun-24 |
Promoter | 74.40% | 74.30% | 74% |
FII | 0% | 0% | 0% |
DII | 0% | 0% | 0% |
Public | 25.60% | 25.70% | 26.00% |
About BMW Industries:
BMW Industries Ltd (BSE: 542669) is a diversified steel processing company engaged in manufacturing, engineering, and infrastructure sectors. It specializes in downstream steel products, catering to automotive, construction, and power industries, with operations across India, focusing on sustainable growth and value creation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.