Shyam Metalics approves ₹2,700 crore capex for expansion
pre-market1 source ↓written by the desknot a recommendation
- capital expenditure
- ₹2,700 crore
- expected by early
- 2029
- capacity
- 800,000 TPA
Shyam Metalics and Energy Limited has approved a ₹2,700 crore capital expenditure for expansion, targeting both long steel and stainless steel segments. The investment will enhance production capacity at its Kharagpur and Sambalpur facilities, with completion expected by early 2029. Notably, ₹900 crore will fund a new Wire Rod and Bar Mill, adding 800,000 TPA capacity.
Not investment advice. For informational purposes only.