Shyam Metalics and Energy has made its entry into energy storage sector with battery-grade Aluminum foil, a critical component in Lithium-ion cells. The Company gears towards becoming one of the first large-scale domestic contributors to the government’s AatmaNirbhar Bharat initiative in the battery energy storage sector.
Shyam Metalics, a major producer and exporter of Aluminum foil for various industrial applications with an annual production capacity of 20,000 tons will allow India to corner a share for raw materials in the global Lithium-ion cell market, which is expected to reach 6500GWh/year capacity by 2030.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.