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Shyam Metalics and Energy gets nod to enhance integrated capacity

28 Jul 2023 Evaluate

Shyam Metalics and Energy has received approval from board of directors to enhance their integrated capacity from 16.94 MTPA to 23.65 MTPA, out of which its present finished steel capacity of 2.69 MTPA (Including expansion of announced projects) shall be enhanced to 4.4 MTPA with captive power plant from 377 MW to 597 MW and renewable portfolio to be enhanced from existing 9.1 MW to 109.1 MW with a capex cost of Rs 3915 crore in states of Orissa and West Bengal in phases which will be implemented in Company and their wholly owned step-down subsidiaries to expand the scope of its business in near future. 

The Board of Directors of Shyam Metalics and Energy at its meeting held on July 27, 2023 inter-alia considered and approved the same. 

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

Shyam Metalics&Ener Share Price

864.80 2.35 (0.27%)
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