Shyam Metalics and Energy has commenced operations at recently acquired Ramsarup plant following its indirect acquisition through its wholly owned subsidiary, Shyam Sel and Power in May 2022.
This operational commencement is expected to create around 2000 direct and indirect job opportunities in the thriving industrial belt of Kharagpur, underscoring Shyam Metalics commitment to driving socio-economic development in the region. Through strategic integration and operational excellence, the company is poised to amplify Ramsarup plants’ manufacturing capabilities, driving growth and innovation in the steel sector.
Ramsarup plant boasts advanced infrastructure, including a Direct Reduced Iron (DRI) unit with a production capacity of 1,50,000 Tonnes Per Annum (TPA) complemented by an integrated Captive Power Plant (CPP) unit capable of producing 20 Megawatts (MW) of power. Shyam Metalics Group’s expertise and resources are poised to enhance these facilities, driving productivity and fostering sustainable growth.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.10 |
| JSW Steel | 1275.70 |
| SAIL | 173.10 |
| Jindal Stainless | 790.30 |
| APL Apollo Tubes | 2149.60 |
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