Bansal Wire strengthens its position as a market leader by investing ₹600 crore to build a state-of-the-art steel and wire plant in Gujarat.

Bansal Wire Industries has announced a ₹600 crore investment in a greenfield facility in Gujarat, marking a major step to increase its production footprint. A 1.8 lakh-ton induction-based steel mill and a 60,000-ton facility for the production of low-carbon and stainless steel wire are two of the project’s features.

For ₹80–90 crore, the business purchased 42 acres of property in Sanand, close to Tata Nagar, with the goal of finishing the project by September 2027. Following a recent capital expenditure of ₹550 crore to quadruple its steel wire manufacturing capacity to 6 lakh tonnes across its five current sites in Uttar Pradesh and Haryana, this investment follows suit.

By allowing the company to import steel scrap and make steel internally for wire manufacturing, the Gujarat project will help promote backward integration, according to Pranav Bansal, CEO & MD of Bansal Wire Industries.

Being the first Indian company to produce steel tire cords, which were formerly a significant import market, Bansal Wire is generating news. The only other company in this market is still the German multinational Bekaert Industries.

The Dadri plant’s development is also moving well; in the first half of the current fiscal year, production capacity is anticipated to rise from 3.6 lakh tonnes to 4.2 lakh tonnes. This plant provides high-growth industries like automotive, construction, agriculture, power, and transmission with sophisticated steel wire goods like oil-tempered wire, tire cord wire, pre-stressed concrete wire & transmission, and general engineering.

Bansal acknowledged that despite global unpredictability, the company has not been significantly impacted by US tariffs and has not received requests from buyers to reduce costs. With robust demand from the US and Europe, exports currently account for 10–15% of the company’s sales.