Shyam Metalics proposes ₹2,700 crore capex for capacity expansion
after close1 source ↓written by the desknot a recommendation
- capex plan
- ₹2,700 crore
- enhance capacity
- 2029
- pipeline
- ₹16,060 crore
- already invested
- ₹8,700 crore
Shares of Shyam Metalics and Energy Ltd. rose on 29 Apr after announcing a ₹2,700 crore capex plan to enhance capacity by 2029. This investment is in addition to the existing ₹16,060 crore pipeline, with ₹8,700 crore already invested. The plan aims to boost higher-margin product offerings and long-term earnings quality.
Not investment advice. For informational purposes only.