Shyam Metalics announces ₹2,700 cr expansion plan
pre-market1 source ↓written by the desknot a recommendation
- strategic expansion plan
- ₹2,700 crore
- capex pipeline
- ₹16,060 crore
- shares closed
- ₹873.75
- from the previous
- 0.82%
Shyam Metalics & Energy has unveiled a ₹2,700 crore strategic expansion plan, enhancing its existing ₹16,060 crore capex pipeline. The investment aims to target higher-margin product categories and deeper downstream integration, funded entirely from internal cash flows, avoiding new debt.
This move reflects the company's commitment to growth, though shares closed at ₹873.75, down 0.82% from the previous day, indicating cautious market sentiment.
Not investment advice. For informational purposes only.