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.