Shyam Metalics and Energy (SMEL) has commissioned production capacities at their manufacturing facility at Jamuria, West Bengal. The capacity of the captive power plant will increase by 90 MW, from 267 MW to 357 MW. The company sources around 75% of its power requirement from the captive plant. The incremental addition will lead to 80% of power sourcing internally, which leads to significant cost savings.
The company has also boosted its Sponge Iron production, commissioning an incremental capacity of 1,65,000 TPA, leading to an enhanced total capacity of around 2.7 MTPA.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.
