BMW Industries has achieved financial closure by securing Rs 500 crore in debt financing from a consortium of banks, led by State Bank of India, to fund its greenfield downstream steel complex in Bokaro, Jharkhand. 

The loan also includes HDFC Bank and Yes Bank. The funds will be used to develop a state-of-the-art facility with an annual production capacity of 3,00,000 TPA of cold rolled full hard coil, 5,0,000 TPA of galvanized coil, and 2,00,000 TPA of color coated coils. This project aligns with BMWIL’s strategic plan to expand its downstream steel processing capacity and enhance its global market presence.

Set to begin phased operations in early FY27, the Bokaro facility is strategically located near major ports, enabling both domestic supply and international exports. The project strengthens BMWIL’s long-term growth roadmap and taps into strong demand in the downstream steel sector.