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Shyam Metalics commissions new blast furnace at Jamuria facility

05 Nov 2024 Evaluate

Shyam Metalics and Energy (SMEL) has commissioned a new blast furnace and launched a sinter plant at its Jamuria facility. With an investment of Rs 600 crore, this significant new development aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries. 

The newly commissioned blast furnace has a capacity of 0.77 million tonnes per annum (MTPA), substantially increasing the plant's production capability. This blast furnace, with a volume of 550 cubic meters, is equipped with three top-fired stoves, modern coal dust injection technology, and a dry gas cleaning plant to optimize the steelmaking process. This enhancement is anticipated to boost steel production by 0.77 MTPA and improve margins by about Rs 700/MTPA.

In addition to the blast furnace, the company also launched a sinter plant with a capacity of 1.11 MTPA, designed to process iron ore fines into a feedstock suitable for the blast furnace. This addition is expected to increase operating efficiency and reduce production costs.

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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