Colour Coating Line commissioned at Bokaro, marking first phase of Greenfield Downstream Steel Complex

BMWIL has commissioned the Colour Coating Line at its Bokaro Greenfield Downstream Steel Complex — the first phase of the project.

Mon 5 Oct 2026

Total project cost

₹803 crore

Capital deployed as on 30th June 2026

₹341.6 crore

Revenue commencement expected

Q3 FY27

Debt tied up

₹500 crore from a consortium led by SBI, HDFC Bank and Yes Bank

Commissioned asset

Colour Coating Line at Bokaro Greenfield Downstream Steel Complex

BMW Industries Ltd has commissioned the Colour Coating Line at its Greenfield Downstream Steel Complex at Bokaro, Jharkhand. The company describes this as the first phase of the complex and a step in its transition from a conversion-led business to an integrated, value-added downstream steel player.

What has been commissioned

• Colour Coating Line at Bokaro, Jharkhand
• Marked as the commencement of the first phase of the Greenfield Downstream Steel Complex
• Total project cost of ₹803 crore
• Capital deployed towards the project as on 30th June 2026: ₹341.6 crore, made up of ₹139.2 crore of internal accruals and ₹202.4 crore of debt drawdown
• Of this, approximately ₹60 crore has been capitalised towards the Colour Coating line as on 5th October 2026

Funding

• ₹500 crore of debt tied up from a consortium led by SBI, HDFC Bank and Yes Bank
• The project has qualified under the PLI 1.1 Scheme for the Coated/Plated Steel category, with performance-linked incentives on sales up to FY29, alongside benefits under Jharkhand's Industrial & Investment Promotion Policy

Capacities planned for the complex

• Cold Rolled Full Hard (CRFH): 550,000 TPA
• GA/GI/ZAM: 540,000 TPA
• The complex is positioned to offer the full basket of coated steel: Galvanized, Galvalume, ZAM and Colour Coated products

Energy

• Partnership with Indian Oil Corporation Limited (IOCL) for PNG supply to the Bokaro facility

Timeline

• Revenue commencement is stated as Q3 FY27, with a phased ramp-up over the subsequent quarters

What the company says

Chairman Mr. Ram Gopal Bansal said the commissioning of the Colour Coating line is an important first step in the greenfield expansion, that the Bokaro complex will allow control of the chain from Hot Rolled to Coated products, and that it will offer the complete basket of coated steel while diversifying the product mix and customer base. He also referred to industry tailwinds for value-added and coated steel, supportive government policy and disciplined capital deployment, with focus on ramping up the facility.

How to read this

• Commissioning means the first phase has begun operations; the release links revenue commencement to Q3 FY27, with a phased ramp-up after that
• The project is part-funded by debt, with ₹500 crore tied up and ₹202.4 crore already drawn down, so the pace of ramp-up matters for how the capital employed starts earning
• Bokaro is located in Jharkhand, described in the release as India's second-highest steel-producing state, with proximity to raw material sources and key logistics hubs
• The release points to a structural demand-supply gap in specialised coated steel, supported by safeguard duties, Quality Control Orders (QCOs) and ongoing import substitution

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