BMW Industries (BMWIL) has signed an agreement with Tata Steel (TSL) for converting CC billets into TMT rebars at its steel processing centre in Kolkata.
The agreement comes with a price variation clause, said the Indian steel service centre (SSC). It is also long-term in nature and will be valid till 30 September 2025.
BMW Industries claimed that it has built the capabilities to provide 360-degree services to its clients, ranging from processing to logistics services.
Its current capacity utilization at the steel processing centre in Kolkata is around 40% and the agreement with Tata Steel is likely to boost it to result in better revenue and profitability, said BMW Industries.
In a statement, BMW Industries, said: “The company has a long association of over 3 decades with Tata Steel Limited (TSL) and during this journey, has set up many processing/manufacturing facilities for TATA Steel.”
BMW Industries to convert CC billets into TMT rebars for Tata Steel added by Pallavi Madhiraju on
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