This small-cap steel stock engaged in manufacturing and processing steel products like HRPO coils, CR coils, GP coils, GC sheets, MS and GI pipes, and TMT rebars, jumped 10 percent after signing an MoU with the Ministry of Steel under the PLI Scheme 1.1 for Specialty Steel.
Stock Price Movement:
With a market capitalization of Rs. 1,080.42 crores, the share of BMW Industries Limited has reached an intraday high of Rs. 49.51 per equity share, rising nearly around 9.95 percent from its previous day’s close price of Rs. 45.03. Since then, the stock has retreated and is currently trading at Rs. 47.70 per equity share.
What Happened:
BMW Industries Limited (BMWIL) has signed an MoU with the Ministry of Steel under the PLI Scheme 1.1 for Specialty Steel. The company will produce coated and plated steel products, including Al-Zn coated (Galvalume) steel, at its new Greenfield Steel Complex in Bokaro, Jharkhand.
This partnership supports India’s “Make in India” and “Atmanirbhar Bharat” initiatives. BMWIL aims to strengthen its steel manufacturing capabilities, expand in domestic and global markets, and create long-term value for stakeholders while boosting India’s specialty steel production.
Capacity:
BMW Industries Limited (BMWIL) operates multiple steel production and processing facilities. Its total capacity exceeds 2 million tonnes per year, including coils, sheets, pipes, and rebars. With advanced processes like slitting, galvanization, rolling, and cold rolling, the company plays a key role in the steel industry’s supply chain.
Expansion Plans:
BMW Industries Limited has extended its tube manufacturing contract until the first half of 2027, with an expected revenue of Rs. 365 crores. The company has also increased its total production capacity to 534,000 metric tons and plans to expand further to 700,000 metric tons. This expansion will be supported by an investment of Rs. 25 crores, which will be funded through internal accruals.
Recent quarter results:
BMW Industries Limited’s revenue has increased from Rs. 144 crore in Q3 FY24 to Rs. 148 crore in Q3 FY25, which has grown by 2.78 percent. The net profit has also grown by 41.67 percent from Rs. 12 crore in Q3 FY24 to Rs. 17 crore in Q3 FY25.
Written By – Nikhil Naik
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