Shyam Metalics signed an MoU with the Maharashtra Government to establish a greenfield integrated steel complex in Chandrapur with an estimated investment of ₹50,000 crore.
Shyam Metalics and Energy signed a non-binding MoU with the Government of Maharashtra to establish a 9 MTPA Greenfield Integrated Steel Complex at Chandrapur.
Shyam Metalics and Energy Ltd unveiled a ₹2,700 Crore expansion plan to enter premium specialty steel and enhance stainless steel capacity. Funded through internal accruals, the projects target commissioning by 2029. This strategic shift towards high-margin products aims to drive long-term earnings quality and reduce import dependence in critical sectors.
Shyam Metalics' subsidiary is launching an aluminium manufacturing facility in Odisha with 60,000 TPA FRP and 18,000 TPA foil capacity. The project aims to improve operating margins by 40-50% and double revenue over the medium term. This expansion strengthens the company's downstream metal capabilities and aligns with the 'Make in India' initiative.