BMW Industries, Steel Ministry Sign MoU for Specialty Steel
Steel

BMW Industries, Steel Ministry Sign MoU for Specialty Steel

BMW Industries (BMWIL), a leading manufacturer in the downstream steel sector, announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalised on March 24th, 2025, at Vigyan Bhawan, New Delhi.

As a qualified beneficiary of the PLI scheme, BMWIL will manufacture ‘Coated/Plated Steel Products of Metallic/Non-Metallic alloy’ & ‘Al-Zn Coated (Galvalume’ products at its upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand.

Commenting on the occasion, Harsh Bansal, Managing Director of BMW Industries Limited, said, “We are honoured to be qualified under the PLI Scheme of the Ministry of Steel, led by the Honourable Minister for Steel & Heavy Industries, H D Kumaraswamy. This milestone will fortify our downstream steel capabilities and expand our footprint in both domestic and international markets. With our strategically positioned Bokaro plant and seamless access to key resources, we are confident this project will create enduring value for our stakeholders while contributing to the government's vision of advancing specialty steel production in India. Aligned with our Honourable Prime Minister's ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, we remain committed to promoting self-reliance and driving growth in the steel sector”

BMW Industries (BMWIL), a leading manufacturer in the downstream steel sector, announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalised on March 24th, 2025, at Vigyan Bhawan, New Delhi. As a qualified beneficiary of the PLI scheme, BMWIL will manufacture ‘Coated/Plated Steel Products of Metallic/Non-Metallic alloy’ & ‘Al-Zn Coated (Galvalume’ products at its upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand. Commenting on the occasion, Harsh Bansal, Managing Director of BMW Industries Limited, said, “We are honoured to be qualified under the PLI Scheme of the Ministry of Steel, led by the Honourable Minister for Steel & Heavy Industries, H D Kumaraswamy. This milestone will fortify our downstream steel capabilities and expand our footprint in both domestic and international markets. With our strategically positioned Bokaro plant and seamless access to key resources, we are confident this project will create enduring value for our stakeholders while contributing to the government's vision of advancing specialty steel production in India. Aligned with our Honourable Prime Minister's ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, we remain committed to promoting self-reliance and driving growth in the steel sector”

Next Story
Infrastructure Urban

Development of ICT in Indian Judiciary through e-Courts Phases

The eCourts project, launched under the National eGovernance Plan in 2007, is a Mission Mode Project aimed at modernisng the Indian judiciary through the adoption of Information and Communication Technology (ICT). The initiative is grounded in the "National Policy and Action Plan for Implementation of ICT in the Indian Judiciary" and has been implemented in multiple phases. Phase I (2011–2015) focused on the computerization of judicial infrastructure and ensuring connectivity across courts. During this phase, 14,249 district and subordinate courts were computerised, and Local Area Networks ..

Next Story
Infrastructure Urban

Minority Affairs Minister to Launch PM VIKAS Project via DGSMC

On 29th March 2025, the Ministry of Minority Affairs will launch a new program under the Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme, aimed at enhancing skill development and educational support for minority communities. The initiative, which will be implemented by the Delhi Sikh Gurdwara Management Committee (DSGMC), will benefit a total of 31,600 candidates across the country. Out of the total beneficiaries, 29,600 individuals will receive skill training in industry-relevant fields, while 2,000 candidates will receive educational support. The training will focus on job roles ali..

Next Story
Infrastructure Urban

DARPG and Bhashini Launch Multilingual Tool for Citizen Grievances

To enhance the effectiveness, accessibility, and responsiveness of the grievance redressal system, the Department of Administrative Reforms and Public Grievances (DARPG) has signed a Master Service Agreement with Digital India Bhashini on March 28, 2025. This agreement marks the implementation of a multimodal, multilingual e-Governance solution for the Centralised Public Grievance Redress and Monitoring System (CPGRAMS), in line with the directive of the Prime Minister of India to bring qualitative improvements to citizen service delivery. The new solution aims to empower citizens from diver..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?