Economy of Bokaro
It is bounded on the east by Dhanbad and Purulia, on the west by Ramgarh and Hazaribagh, on the north by Giridih and on the south by Ranchi.
Bokaro Steel Plant expansion to extend its capacity from 7.5 metric tonnes before 2011.
Vedanta Electrosteel Castings Limited - A Kolkata-based water pipe manufacturer acquired 2,500 acres (10 square kilometres) of land 18 kilometres (11 miles) from the city and has erected its 2.2 MTPA steel plant.
The city has presence of Steel Authority of India Ltd., Oil and Natural Gas Corporation, Vedanta amongst others.
It plans to invest ₨ 8.23 billion from 2017 to 2018 to achieve a peak production of 0.9 million standard cubic meters per day.Bharat Petroleum Corporation Limited - BPCL will set up a LPG bottling plant and POL (petroleum, oil and lubricants) terminal in Bokaro, the foundation stone of which was laid on 11 August 2019.
A rail wheel factory is also under development near Damoderpur village, about 35 kilometres from Bokaro, in a joint venture with Indian Railways and Government of Jharkhand.
[9][10] Once a small grain trading hub of the region, Chas became notable during the Second World War when the British government used it as a base to supply soldiers fighting in the eastern front against the Japanese.
In the 1960s, the Government of India decided to establish the Bokaro Steel Plant nearby, which enhanced the economic activity of the region.
Bihar State Milk Co-operative Federation has a processing plant at Sector - 12.
It is an economic part of the Bokaro's twin city and a major suburb Chas.
The city center is the prominent central business district of Bokaro Steel City and one of the most developed and planned CBD in Jharkhand and Eastern India Recent years have seen it grow more than threefold in size.
There is ample parking space, and the approach roads, as well as those inside the market are wide.
The place houses almost all major Indian banks, has various shops in the city for clothing, electronics, and the best food joints.
The latest comers to the market are coaching institutes, small clinics, and hospitals.
As such, the city is home to many small and medium-sized businesses, which are overseen by apex trade associations, like the Bokaro Chamber of Commerce and Industries, Jainamore Chamber of Commerce and Jharkhand Small Tiny Service Business Enterprises Association.
In recent years, Chas has also had an influx of retail and supermarket chains (like V-Mart, Citi Style, etc.)
and vehicle showrooms of KTM, Honda, Hero, Maruti Suzuki, JCB, Yamaha, TVS, Mahindra.
The capacity of the plant will be 1.5 mt, establish in BSP periphery of 500 acres (2.0 km2) will be built in Bokaro.
Bharat Petroleum Corporation Limited - BPCL will set up a LPG bottling plant and POL (petroleum, oil and lubricants) terminal in Bokaro, the foundation stone of which was laid on 11 August 2019 at Marafari in Bokaro.
