MoneyWorks4Me

Shyam Metalics gets nod for capital expenditure of Rs 990 crore

16 Mar 2022 Evaluate

Shyam Metalics and Energy has received approval for setting up of further capacities at its integrated units in Sambalpur and its material subsidiary’s plant at Jamuria to capitalize business synergies and add facilities for continued cost leadership. An aggregate amount of Rs 990 crore is further to be arranged from Cash flows generated existing from internal accruals. The projects shall be set up as brownfield expansion in land available at respective plants.

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.

Peers
Company Name CMP
JSW Steel 1252.00
Tata Steel 184.60
Steel Authority 180.25
Jindal Stainless 740.00
APL Apollo Tubes 2189.95
View more..