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BMW Ventures clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority, and the transaction does not qualify as a related-party transaction under applicable regulations.
BMW Ventures is engaged in trading and distribution of steel products, tractor engines, and spare parts, as well as manufacturing PVC pipes, roll forming, pre-engineered buildings (PEB), and steel girders. The company has a strong presence in Bihar, distributing steel products through 1,299 dealers across 29 districts as of 31 March 2025. Steel distribution is its core business, contributing over 98% of revenue, while other segments like tractor engines, PVC pipes, PEB, and steel girders provide marginal contributions.
The firm reported a consolidated net profit of Rs 32.82 crore and a total income of Rs 2,062.04 crore for the twelve months ended on 31 March 2025.
The counter rose 0.19% to Rs 67.50 on the BSE.
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