Pushing the boundaries of sustainable industrial growth, the Infrastructure Development Company Limited (IDCOL) has disbursed Tk500 crore to finance BSRM Steels Ltd’s newest steel manufacturing facility in Mirsharai, Chittagong.
The new BSRM plant, launched on Saturday, is set to be a game-changer for Bangladesh’s steel industry, adding 500,000 tons of rebars, 100,000 tons of wire rods, and 250,000 tons of billets annually.
More than just numbers, this means hundreds of new jobs and greater support for local businesses in the supply chain.
This investment is not just about expanding production; it is about redefining how industries grow responsibly.
IDCOL has long championed eco-conscious infrastructure, previously contributing Tk300 crore in a syndicated loan to BSRM Steels Ltd’s earlier facility.
With this, IDCOL is the largest term loan financier for the annual 1.6-ton rolling and 1.8-ton melting project.
This latest financing reinforces IDCOL’s strategy of fostering industrial innovation without compromising environmental integrity.
What sets this plant apart is its commitment to eco-friendly operations. The facility features energy-efficient equipment, an advanced Air Pollution Control (APC) system for cleaner emissions and a cutting-edge water recycling system. Additionally, by repurposing steel slag for construction materials, it aligns with global circular economy practices.
“IDCOL believes that industrial progress and environmental sustainability must go hand in hand,” said Alamgir Morshed, executive director and CEO of IDCOL at the launching ceremony of new plant of BSRM Steels Ltd.
“Our investment in BSRM is not just about funding a plant it is about setting a new standard for responsible manufacturing in Bangladesh,” he added.
This initiative is more than an infrastructure project; it is a bold step towards a future where industries thrive in harmony with the environment. With IDCOL leading the charge, Bangladesh’s industrial landscape is being reshaped with sustainability at its core.
