New Delhi, May 5 -- Shares of BMW Industries, a leading manufacturer in the downstream steel sector, jumped 20% in Monday's trading session, to hit the day's high of Rs.55.28 apiece. This sharp rise in the stock came after the company announced that it had secured a significant order from Tata Steel.

The company informed investors through an exchange filing during today's mid-session that it had received a work order from Tata Steel Limited for the processing and conversion of coils, worth Rs.1,746 crore.

"The company has received a work order from Tata Steel Limited for 'Processing and Conversion of Coils' at our Jamshedpur works for a period up to 31.03.2029, amounting to Rs1,764 crore (Rupees One Thousand Seven Hundred Sixty-Four Cro...