India's BMW Industries Limited (BIL) has announced plans to invest $92 million in a greenfield downstream steel complex in Bokaro, located in the eastern state of Jharkhand. The project, set to be developed in stages over the next two years, aims to enhance the production of value-added steel products.
The proposed steel complex will have an annual production capacity of:
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300,000 metric tons (mt) of cold rolled full hard coils and sheets,
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540,000 mt of galvanized coils and sheets, and
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2,000 mt of color-coated coils and sheets.
BIL already owns the required industrial land for this project, which is expected to contribute significantly to India’s steel sector. The first plant is anticipated to begin commercial operations in the 2025-2026 period.
The strategic location of the plant, approximately 300 kilometers from Haldia/Kolkata port, will provide easy access to global markets, facilitating export opportunities for the company. This investment is part of BIL’s broader strategy to expand its steel production capabilities and improve its market presence.
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