Latest news with #BMWIndustries
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Business Standard
21-05-2025
- Automotive
- Business Standard
BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel
Shares of BMW Industries rose nearly 12 per cent in Wednesday's intraday session after it landed an order worth ₹364.69 crore from Tata Steel for the conversion of hot rolled coils into tubes. The steel processing company's stock rose as much as 11.68 per cent during the day to ₹59.7 per share, the biggest intraday gain since May 5. The stock pared gains to trade 4.5 per cent higher at ₹55.8 apiece, compared to a 0.72 per cent advance in BSE Sensex as of 11:06 AM. Shares of the company are trading at the highest level since December last year. The counter has recovered by nearly 20 per cent from its recent lows of ₹47, which it hit earlier this month. The stock has risen 4 per cent this year, compared to a 4.7 per cent advance in the benchmark Nifty 50. BMW Industries has a total market capitalisation of ₹1,256.88 crore, according to BSE data. Track LIVE Market Updates Here BMW Industries' order win BMW Industries, along with its wholly owned subsidiary BMW Iron & Steel Industries, has secured an order from Tata Steel for the conversion of hot rolled coils into tubes, according to an exchange filing Wednesday. The work will be carried out at BMW Industries' Hazibagan plant in Howrah and BMW Iron & Steel's facility in Jamshedpur, it said in the statement. The contract, which runs until October 31, 2027, is valued at ₹188.60 crore for BMW Industries and ₹176.09 crore for its subsidiary, taking the total order size to over ₹364 crore. "The objective is to sustain the order of Tata Steel, ensuring optimum utilisation of existing infrastructure for coil processing," the company said in the statement. The company noted that these contracts are part of its routine business and align with its strategy to maintain operational efficiency and sustain momentum through the financial year ending 2026–27. About BMW Industries The company is one of the leading manufacturers in the steel sector engaged in the manufacturing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS and GI pipes, TMT rebars, etc, and processing the same for marquee steel players in India. Incorporated in 1981, the company is in the Eastern Region with its registered office in Kolkata, West Bengal.
Business Standard
21-05-2025
- Automotive
- Business Standard
BMW Industries jumps after securing Rs 365 cr order from Tata Steel
BMW Industries soared 5.72% to Rs 56.55 after the company and its wholly-owned subsidiary, BMW Iron & Steel Industries, bagged an order from Tata Steel totaling Rs 364.69 crore for the conversion of hot rolled (HR) coils into tubes. Shares of Tata Steel rose 0.69% to Rs 159.75 on the BSE. The work will be executed at BMWs Hazibagan plant in Howrah and BMW Iron & Steels Jamshedpur facility. The contract is valid until 31 October 2027, with a total value of Rs 188.60 crore allocated to BMW Industries and Rs 176.09 crore to BMW Iron & Steel, respectively. The objective is to sustain Tata Steels order pipeline, ensuring optimum utilization of existing infrastructure for coil processing. These contracts are part of BMW Industries' regular business activities and reflect the continuity of core operations that deliver consistent revenue. The company plans to execute the orders using its existing facilities and aims to use this engagement to enhance operational efficiency and maintain business momentum through FY27. BMW Industries is also progressing with the development of its Rs 803.47 crore Greenfield Downstream Steel Complex in Bokaro. This facility is being set up to manufacture high-grade specialty steel, including coated and Al-Zn coated (Galvalume) products, catering to both domestic and global markets. The Bokaro project is a key part of the companys expansion strategy, aimed at increasing capacity and market presence in the value-added steel segment. With this announcement, BMW Industries remains committed to delivering reliable, efficient, and timely steel processing services, the company said. We continue to focus on our operational roadmap and strategic capacity expansion in the steel sector. Harsh Bansal, Managing Director at BMW Industries, said, "As one of the most leading players in the steel industry, Tata Steel has set benchmarks in quality, innovation, and sustainability. Their continued trust in us through this extended order is a strong endorsement of our capabilities as a processing partner. We take pride in supporting a company of Tata Steels stature and legacy. In the past week, we were honoured with the renewal of our contract for the CRM complex till 2029, valued at 1764 crores. This new order not only reflects their confidence in our execution strength, quality standards, and plant infrastructure but also provides us with long-term revenue stability and improved asset efficiency. We remain focused on refining our core competencies, optimizing existing capacities, and growing steadily in response to industry demand. This renewed engagement until 2027 strengthens our order book and reinforces our commitment to delivering reliability and value across all our operations." BMW Industries is primarily engaged in manufacturing, processing and selling of steel products consisting of engineering and other products and services related to the same. Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum.
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Business Standard
21-05-2025
- Business
- Business Standard
Stock Market LIVE Updates: M&M, HDFC Bank, Sun Pharma lift Sensex; Nifty above 24,800; SMIDs gain
Sensex Today | Stock Market LIVE Updates on Wednesday, May 21, 2025: Sun Pharma, Nestle India, Ultratech Cement, HUL, HDFC Bank, Tata Motors, and Maruti Suzuki were top gainers on the Sensex today 11:54 AM Stock Market LIVE Updates: BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel Stock Market LIVE Updates: Shares of BMW Industries rose nearly 12 per cent in Wednesday's intraday session after it landed an order worth ₹364.69 crore from Tata Steel for the conversion of hot rolled coils into tubes. The steel processing company's stock rose as much as 11.68 per cent during the day to ₹59.7 per share, the biggest intraday gain since May 5. The stock pared gains to trade 4.5 per cent higher at ₹55.8 apiece, compared to a 0.72 per cent advance in BSE Sensex as of 11:06 AM. READ MORE 11:34 AM Stock Market LIVE Updates: Why are Whirlpool of India share price rising 8% in trade 11:20 AM Stock Market LIVE Updates: Here's why Dredging Corp share was buzzing in trade on May 21 Stock Market LIVE Updates: Shares of Dredging Corporation of India (Dredging Corp) saw strong buying interest on Wednesday, May 21, 2025, surging as much as 14.9 per cent to hit an intraday high of ₹777.65 apiece. By 10:18 AM, the stock was trading 11.56 per cent higher at ₹755 per share, outperforming the broader market, with the BSE Sensex up 0.86 per cent at 81,883.58. 11:08 AM Stock Market LIVE Updates: Pharma shares in focus; GSK, Jubilant, Eris, Gland, Torrent rally up to 8% Stock Market LIVE Updates: Pharma stocks were in demand, and surged up to 8 per cent on the bourses on healthy growth outlook. In-line March quarter performance, coupled with Torrent Pharma and Gland Pharma's optimistic FY26 guidance led the up move in pharma stocks. GlaxoSmithKline Pharmaceuticals (GSK Pharma), Ajanta Pharma, Gland Pharma, Jubilant Pharmova, Torrent Pharmaceuticals, Natco Pharma, Aurobindo Pharma, Lupin, Ipca Labs, Dr Reddy's Laboratories, Cipla, Divi's Laboratories, Granules India and Sun Pharmaceutical were up in the range of 2 per cent to 8 per cent in intra-day trade. READ MORE 10:54 AM Stock Market LIVE Updates: India well-positioned to deal with negative effects of US tariffs: Moody's Stock Market LIVE Updates: A Moody's Ratings' report suggested that India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy. In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. READ MORE 10:39 AM Stock Market LIVE Updates: Astonea Labs; initial public offering (IPO) will open for subscription on Tuesday, May 27, 2025. The of pharmaceutical and cosmetic products manufacturer aims to raise ₹37.67 crore through a fresh issue of 2.79 million equity shares. There is no offer for sale (OFS) component. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). 10:19 AM Stock Market LIVE Updates: Most stocks turn positive on Sensex as index surges 700 pts Stock Market LIVE Updates: The BSE Sensex moved sharply higher in early deals on Wednesday, trading over 700 points higher at 81,899. Sun Pharma, M&M, HDFC Bank, Tata Motors, Nestle India, Ultratech Cement, and Tata Steel are some of the top stocks on the Sensex today. Meanwhile, only three stocks are trading lower.
Mint
21-05-2025
- Automotive
- Mint
BMW Industries shares soar nearly 12% on reporting its highest-ever net profit in FY25
Shares of BMW Industries surged as much as 11.7 percent in intra-day trade on Wednesday, May 21, after the company reported its highest-ever profit after tax (PAT) for the financial year ended March 2025 (FY25). Strong full-year performance, a positive business outlook, and the announcement of a final dividend contributed to renewed investor interest in the small-cap steel processing company. BMW Industries posted a 17.7 percent rise in PAT to ₹ 75 crore in FY25, compared to ₹ 63.75 crore in FY24. Total income for the year grew 6 percent to ₹ 638.7 crore from ₹ 602.5 crore a year earlier. The company also declared a final dividend of 43 paise per share, subject to shareholder approval. While the annual results were strong, Q4FY25 performance was slightly subdued on the profitability front. The company reported a 7.4 percent YoY decline in PAT to ₹ 17.6 crore, down from ₹ 19 crore in Q4FY24. However, on a sequential basis, profit rose 2.3 percent from ₹ 17.2 crore in Q3FY25. Total income in Q4 grew 17.4 percent YoY to ₹ 161.5 crore and 8.6 percent sequentially. Operating performance, however, was mixed. EBITDA declined 3.7 percent YoY to ₹ 37.76 crore, while margins contracted 514 basis points to 23.4 percent due to higher input and operational costs. Commenting on the company's performance for FY25, Mr. Ram Gopal Bansal, Chairman of BMW Industries Limited, expressed satisfaction with the company's growth trajectory and strategic progress. 'We are pleased to inform you that BMW Industries Ltd. has maintained steady progress in FY25. The Company reported a total income of ₹ 63,869 lakhs in FY25. Profit After Tax for the year stood at ₹ 7,505 lakhs, with a margin of 11.8 percent, reflecting robust growth of 17.7 percent compared to the previous fiscal,' Bansal said. He further announced that the Board of Directors has proposed a final dividend of 43 paise per share, subject to shareholder approval. Highlighting key milestones achieved during the fiscal year, Bansal said the company renewed multiple contracts with long-standing customers, which would extend through FY29. 'These contracts stand as a testament to the enduring trust placed in us by one of India's most distinguished industrial institutions,' he noted. 'This engagement further consolidates our position as a reliable and value-accretive partner in the steel value chain.' Bansal also shed light on the company's forward-looking investments, particularly a new greenfield project underway in Bokaro, Jharkhand. The facility, focused on coated/plated steel, will be developed with a capital outlay of ₹ 803 crore. 'With this strategically located facility set to commence Phase 1 operations towards the end of FY26, we are also honoured to be qualified under the PLI Scheme 1.1 of the Honourable Ministry of Steel, Government of India,' he said. Looking ahead, Bansal emphasized BMW Industries' transition from a purely value-added conversion business to a diversified steel processing model. 'This shift represents not just a broadening of our revenue streams, but a structural transformation in the way we operate and create value,' he said. 'While this transition may be gradual, it sets the foundation for long-term sustainable growth. We remain committed to disciplined execution, prudent capital allocation, and delivering long-term value for our stakeholders.' With record profits, long-term contracts secured, and a bold investment roadmap in place, Bansal expressed optimism about BMW Industries' ability to capitalize on emerging opportunities within the steel value chain. The smallcap stock rose as much as 11.7 percent to its day's high of ₹ 59.75. Despite the sharp rally on Wednesday, BMW Industries remains 24 percent below its 52-week high of ₹ 79.05, hit in August 2024. That said, the stock has gained 52 percent from its 52-week low of ₹ 39.36, recorded in March 2025. In the last one year, the stock is still down over 16 percent, though sentiment appears to be turning. It has gained over 20 percent in May so far, reversing a three-month losing streak. The stock had declined 1 percent in April, 3.7 percent in March, and 12 percent in February, but rose 4.5 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
21-05-2025
- Automotive
- Business Standard
BMW Industries group wins orders of Rs 364 cr from Tata Steel
BMW Industries and its wholly-owned subsidiary, BMW Iron & Steel Industries have bagged an order from Tata Steel for conversion of hot rolled (HR) coils into tubes. The work will be executed at BMW's Hazibagan, Howrah plant and BMW Iron & Steel's Jamshedpur facility. The contract is valid until 31 October 2027, with a total value of Rs 188.60 crore for BMW Industries and Rs 176.09 crore for BMW Iron & Steel, respectively. The objective is to sustain the order of Tata Steel, ensuring optimum utilization of existing infrastructure for coil processing. These contracts are part of BMW Industries regular business activities and reflect the continuity of core operations that deliver consistent revenue. The company will execute the orders using its existing facilities and aims to utilize this engagement to enhance operational efficiency and sustain business momentum through FY27.
