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Bansal Wire Industries Ltd (BWIL) has announced a new Rs 6 billion investment for a greenfield project in Gujarat. The plan includes setting up a 1.8 lakh-tonne induction-based steel plant and a 60,000-tonne facility for manufacturing low-carbon and stainless steel wires. The company has acquired a 42-acre site in Sanand, near Tata Nagar, at a cost of Rs 800�900 million. The project is expected to be completed by September 2027. This comes on the heels of BWIL’s recent Rs 5.5 billion expansion, which doubled its manufacturing capacity to 6 lakh tonnes across five units in Uttar Pradesh and Haryana. It also inaugurated its largest and most advanced facility in Dadri, with a capacity of 3.6 lakh MTPA. The latest investment will support BWIL’s growth in high-demand sectors including automotive, agriculture, power & transmission, construction, and general engineering. The new plant will also adopt a range of sustainable practices such as solar power, rainwater harvesting, acid-free wire cleaning, energy-efficient systems, and an Effluent Treatment Plant (ETP). CEO and MD Pranav Bansal said the move reinforces BWIL’s focus on technology-driven and sustainable manufacturing. Part of the Bansal Group founded in 1938, BWIL is currently India’s largest stainless steel wire manufacturer and the second-largest overall wire producer by volume.