BMW Industries share price to remain in focus on Wednesday, March 26, 2025, following the company’s announcement of a Memorandum of Understanding (MoU) with the Ministry of Steel, Government of India, under the Production Linked Incentive (PLI) Scheme 1.1 for speciality steel.
The agreement was officially signed on March 24, 2025, at Vigyan Bhawan, New Delhi, as per the company’s stock exchange filing.
Under the MoU, BMWIL will manufacture a range of speciality steel products, including ‘Coated/Plated Steel Products of Metallic/Non-Metallic Alloy’ and ‘Al-Zn Coated (Galvalume)’ products. These products will be produced at the company’s upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand.
This facility is a key part of BMWIL’s larger investment strategy, initially announced on March 19, 2025, and will contribute to expanding the company’s manufacturing footprint.
As a qualified beneficiary of the PLI scheme, BMWIL aims to strengthen its position in the speciality steel sector, catering to both domestic and international markets. The expansion aligns with India’s vision to enhance self-reliance and promote domestic manufacturing.
Commenting on the agreement, Harsh Bansal, Managing Director of BMW Industries, said, “This partnership marks a significant milestone in fortifying our downstream steel capabilities and enhancing our presence in the market. With our strategically located Bokaro plant, we are confident that this project will deliver long-term value for our stakeholders and contribute to the government’s goal of advancing speciality steel production in India. We remain committed to promoting self-reliance and driving growth in the steel sector in alignment with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.”
On March 25, 2025, BMW Industries’ share price ended 4.17% higher at ₹46.91. The stock reached a 52-week high of ₹79.05 and a 52-week low of ₹39.36.
As per BSE data, the total traded volume for the stock stood at 10.42 lakh shares, with a turnover of ₹4.98 crores.
According to exchange data, BMW Industries’ shares are trading at a price-to-earnings (P/E) ratio of 17.06x, based on its trailing 12-month earnings per share (EPS) of ₹2.75, and a price-to-book (P/B) ratio of 1.60.
Headquartered in Kolkata, BMW Industries has been a key player in the steel sector since its inception in 1981. The company specializes in manufacturing various steel products, including HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, and TMT rebars.
BMWIL operates processing facilities in West Bengal and Jharkhand and maintains a joint venture with the Steel Authority of India Ltd (SAIL), further solidifying its strong market presence.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 26, 2025, 8:26 AM IST
Dev Sethia
Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.
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