Shyam Metalics and Energy has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Maharashtra to facilitate the establishment of a 9 MTPA Greenfield Integrated Steel Complex at Chandrapur, Vidarbha region, Maharashtra, with an estimated investment of Rs 50,000 crore. The project is expected to create around 30,000 jobs, including 10,000 direct and 20,000 indirect employment opportunities.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.