The investment is a part of the planned Rs 3,500 crore capex that will be deployed over the next five years. As part of the project, the company will build a 20,000-tonne pilot facility with an investment of INR 150 crore, which will be commissioned by the end of this year.

Jan 23, 2026

Bansal Wire Industries Ltd is planning to deploy INR 2,500 crore of its planned INR 3,500 crore capex over the next five years into a new steel cord manufacturing vertical at its Dadri plant in UP. The investment will be made through borrowings and internal accruals. The investment will occur in a phased manner over the next three years.

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Managing Director Mr. Pranav Bansal told a media outlet that almost 60 percent of the steel cord is still largely imported to meet India’s requirement. We are the first Indian company to enter this segment.

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As part of the main project, the company will build a 20,000-tonne pilot facility with an investment of INR 150 crore, which will be commissioned by the end of this year.