Shares of BMW Industries Limited rose by more than 5% today, reaching ₹56.30, following the announcement of two significant long-term work orders worth ₹364.7 crore. The contracts, focused on tubes manufacturing and associated services, reflect the company’s growing dominance in the steel manufacturing sector.
Key Contracts:
- NH6 Unit Contract:
- Scope: Tubes manufacturing and services
- Contract Value: ₹188.61 crore
- Validity: Until October 31, 2027
- Adityapur Unit Contract:
- Scope: Tubes manufacturing and services under BMW Iron & Steel Industries Limited
- Contract Value: ₹176.09 crore
- Validity: Until October 31, 2027
The company emphasized that these contracts reinforce its operational presence and long-term business relationships. By securing these renewals, BMW Industries aims to solidify its leadership in the tubes manufacturing segment while delivering high-quality products and services.
