Shares of BMW Industries witnessed a sharp rally of nearly 12% in Wednesday’s intraday trading after securing a significant order worth ₹364.69 crore from Tata Steel. The steel processing company’s stock surged to ₹59.7 per share, marking its biggest intraday gain since May 5, before settling 4.5% higher at ₹55.8 apiece.
The contract, awarded to BMW Industries and its wholly owned subsidiary BMW Iron & Steel Industries, involves the conversion of hot rolled coils into tubes. The work will be carried out at BMW Industries’ Hazibagan plant in Howrah and BMW Iron & Steel’s facility in Jamshedpur. The agreement, valued at ₹188.60 crore for BMW Industries and ₹176.09 crore for its subsidiary, extends until October 31, 2027.
“This new order not only reflects Tata Steel’s confidence in our execution strength, quality standards, and plant infrastructure but also provides us with long-term revenue stability and improved asset efficiency,” said Harsh Bansal, Managing Director of BMW Industries.
The company, headquartered in Kolkata, is a leading manufacturer in the steel sector, specializing in HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, and TMT rebars. The latest contract aligns with BMW Industries’ strategy to optimize existing infrastructure and sustain operational efficiency through the financial year ending 2026–27.
Investors responded positively to the development, with BMW Industries’ stock trading at its highest level since December last year. The counter has recovered nearly 20% from its recent lows of ₹47 earlier this month, reflecting renewed market confidence in the company’s growth trajectory.
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[1] BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel https://www.business-standard.com/markets/news/bmw-industries-shares-rally-12-on-364-69-order-win-from-tata-steel-125052100468_1.html