Shares of BMW Industries surged 20% to hit the upper circuit at ₹55.28 on the Bombay Stock Exchange (BSE) in Friday’s session after the company announced a major order win from Tata Steel.
The company has received a ₹1,764 crore work order from Tata Steel Limited for the processing and conversion of coils at its Jamshedpur facility. The contract will be executed over a period ending March 31, 2029. The order falls under the company’s regular business operations and is expected to significantly contribute to its revenue in the coming years.
As per the company’s regulatory filing under SEBI’s LODR norms, this long-term deal reinforces BMW Industries’ role as a critical processing partner for Tata Steel. The Jamshedpur unit will play a pivotal role in fulfilling the contract.
Following the announcement, BMW Industries’ stock jumped from its previous close of ₹46.07 to ₹55.28, adding over ₹2,000 crore in market capitalization. The company’s market cap currently stands at ₹12,440 crore.
The development was also notified to the BSE and Calcutta Stock Exchange for investor awareness and regulatory compliance.
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