Greater Noida: Strategically located approximately 300 kilometres from Haldia and Kolkata ports, the Bokaro facility will also provide BMWIL with access to global markets, supporting export opportunities in addition to domestic supply.The project underscores BMWIL’s strategic focus on capacity creation in downstream steel, where demand visibility remains strong.
Harsh Bansal, Managing Director, BMW Industries Limited, said, ”The financial closure of this ₹500 crore term loan is an important milestone in the execution of our Bokaro Greenfield project. Steel and downstream processing are capital-intensive businesses, and a well-structured funding framework is essential to ensure timely execution without straining the balance sheet. This consortium arrangement provides us with long-term visibility on project financing and allows us to align capital deployment with execution timelines in a calibrated and disciplined manner.”
“Bokaro has been a strategic location for us, given our existing operational presence and proximity to raw material sources. As a listed company, our approach remains focused on financial prudence, transparency and regulatory compliance while pursuing growth opportunities that strengthen our position in the downstream steel value chain. We believe this project will enhance our ability to serve customers with value-added products while supporting India’s broader manufacturing and infrastructure ambitions, ” Harsh Bansal added.
