Business · Companies · 23 hrs ago
BMW Industries begins colour-coated steel production at Bokaro plant
Kolkata-based BMW Industries has started making colour-coated steel at its plant in Bokaro, Jharkhand.
The product is steel with protective metallic and paint coatings, designed to resist corrosion.
The new line is the first phase of a greenfield downstream steel complex being built under the company’s ₹800-crore expansion plan.
BMW Industries says demand is growing in sectors including infrastructure, construction, cars, consumer goods, renewable energy and defence.
The project is part of a government scheme intended to encourage production of higher-value steel in India.
The company currently serves the domestic market and may consider international sales depending on market opportunities and demand.
It plans to bring more coated steel production lines online as the wider complex develops.
BMW Industries has begun producing colour-coated steel at its Bokaro plant in Jharkhand.
The new line is the first phase of a greenfield downstream steel complex and is part of an ₹800-crore expansion plan.
Managing Director Harsh Bansal said the company aims to meet growing demand from sectors including infrastructure, construction, automobiles and consumer goods.
The company currently serves the domestic market and may explore international markets based on opportunities and demand.
- Who
- BMW Industries, a Kolkata-based steel company.
- What
- It began manufacturing colour-coated steel at a new production line.
- When
- The line was commissioned on Monday; the article does not give a calendar date.
- Where
- The company’s plant in Bokaro, Jharkhand.
- Why
- To meet growing domestic demand for colour-coated steel and expand its range of special steel products.
This story does not have two clearly opposing sides.
We have commenced the first phase of our greenfield downstream steel complex with the colour coating line. With this, we have joined the select group of producers in India. The line has been set up as part of the government's PLI Scheme for Speciality Steel.
Presently, we cater to the domestic market, and based on market opportunities and demand assessment, we may explore and tap international markets in due course,
BMW Industries entered into a partnership with Indian Oil Corporation Ltd to supply piped natural gas to its Bokaro plant.
The company commissioned its colour-coating line and began production.
- Location
- Bokaro, Jharkhand
- Expansion plan
- ₹800 crore
- Downstream steel complex
- 5 lakh tonnes
- PLI Scheme outlay
- Rs 6,322 crore
- Natural gas partner
- Indian Oil Corporation Ltd
Sources
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