Mumbai, May 21 -- Shares of Tata Steel rose 0.69% to Rs 159.75 on the BSE.
The work will be executed at BMW's Hazibagan plant in Howrah and BMW Iron & Steel's 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 Steel's 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 oper...