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HomeMarket NewsUpper Circuit Stocks: Steel producer shares surge 20% after winning ₹1,764 crore order
BMW Industries is engaged in the manufacturing of tubular poles and structures, transmission lines and towers and rebar, along with infrastructure services.
Shares of BMW Industries Ltd. surged to a 20% upper circuit on Monday, May 5, after the company secured a large order from Tata Steel Ltd.
The scope of work involves the processing and conversion of coils at the company's Jamshedpur facility. The order is to be executed until March 31, 2029, BMW Industries said in an exchange filing.
Total value of the order is ₹1,764 crore, BMW Industries said, which is 40% higher than its current overall market capitalisation of ₹1,244 crore.
BMW Industries said that this work order will contribute to the company's revenue over the tenure of the contract.
BMW Industries is engaged in the manufacturing of tubular poles and structures, transmission lines and towers and rebar, along with infrastructure services.
The Kolkata-based company does not have any Mutual Fund or Foreign Portfolio Investor (FPI) holding. Close to 52,000 small investors, or those with an authorised share capital of up to ₹2 lakh, have a 13.63% stake in the company at the end of the March quarter.
Shares of BMW Industries are locked in a 20% upper circuit at ₹55.28. The stock is down from its 52-week high of ₹79.05 and has reversed nearly all the losses it made in 2025 so far with this move.
