BSRM

The Bangladesh Steel Re-Rolling Mills, Tradename: BSRM Steels Limited, commonly known as BSRM, is a Bangladeshi steel manufacturing company based in Chittagong. It is the largest construction steel manufacturer company in Bangladesh.

The Bangladesh Steel Re-Rolling Mills, Tradename: BSRM Steels Limited, commonly known as BSRM, is a Bangladeshi steel manufacturing company based in Chittagong. It is the largest construction steel manufacturer company in Bangladesh. ==Controversy== In May 2019, Bangladesh National Board of Revenue (NBR) alleged that the company has drawn over USD 13 million from the government falsely claiming locally sold steel products as export goods which violates the duty drawbacks facilities that is only meant for material export. In an investigation led by a team from the VAT intelligence unit of the NBR, it was found that two institutions of BSRM dodged VAT amounting to BDT 6.62 crore from July 2016 to June 2019. BSRM later paid the VAT, including interest, to the NBR in December 2021. Between 2017 and 2018, BSRM was fined by Department of Environment for destroying 1,05,000 square feet of hills in Mirsharai Upazila to make way for a power plant named Chittagong Power Company Limited. In May 2021, locals in Mirsharai Upazila, Chattogram, protested falling groundwater levels, which they blamed on BSRM Steels drawing water via deep tube wells. BSRM denied causing the water shortage, citing that deep wells are common for industries and households in the area. ==See also== GPH Ispat ==References== ==External links==

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