In light of the increasing demand for steel wire products in India and globally, BWIL has outlined its expansion plans. The company is set to enhance its production capacity to 6 lakh MTPA (Metric Tonnes Per Annum) by the end of the current financial year. The expansion is primarily facilitated through the completion of their Dadri plant, which is expected to play a crucial role in the company’s capacity increase. This aligns with BWIL’s strategy to capitalize on growing domestic and international demand.
The company, known for its diverse product portfolio in the steel wire segment, highlighted its well-executed diversification strategy during the AGM, covering industries ranging from construction and infrastructure to automotive and consumer durables. BWIL continues to position itself to meet market needs effectively and aims for sustainable growth through ongoing investments in technological advancements and operational excellence.