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Tag Archives: Shyam Metalics

Shyam Metalics to invest Rs 650-750cr in stainless steel business

KOLKATA, APRIL 09, 2024 (TBB BUREAU): Shyam Metalics and Energy Ltd on Tuesday announced a significant investment ranging between Rs 650 to Rs 750 crore in its stainless steel business, signalling a bold step towards expansion and market dominance in the coming years. The company revealed plans to establish a cutting-edge stainless steel hot rolled coils (HRC) facility at its ...

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Shyam Metalics announces Rs 450 Cr investment to establish aluminium project in Odisha

TBB BUREAU NEW DELHI, MARCH 21, 2024 Shyam Metalics revealed its ambitious plans on Wednesday, intending to invest Rs 450 crore to inaugurate a state-of-the-art greenfield aluminium project in Odisha. The proposed project aims to manufacture aluminium flat rolled products with an impressive annual capacity of 60,000 metric tonnes, as outlined in a statement released by Shyam Metalics. “Shyam Metalics ...

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Shyam Metalics reduces IPO size to Rs 909 crore

TBB BUREAU KOLKATA, JUNE 6, 2021         Steel maker Shyam Metalics and Energy Ltd (SMEL) has reduced the size of its Initial Public Offer (IPO) to Rs 909crore from Rs 1,107 crore as promoters decided to offload shares worth Rs 252 crore from their own stake against Rs 452 crore as planned earlier.          The IPO will hit the capital ...

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