Shyam Metalics and Energy Cleared of Closure Directions for Rengali Plant Units

Shyam Metalics and Energy Cleared of Closure Directions for Rengali Plant Units​

Shyam Metalics and Energy Limited has clarified the regulatory status of its Rengali Plant in Sambalpur, Odisha, addressing social media rumors regarding pollution non-compliance. The company reported that the Central Pollution Control Board (CPCB) granted significant relief concerning certain units at the facility.

The CPCB had initially issued directions for the closure of the Pellet Plant, the Ferro Alloys Plant, and the Power Plant at the Rengali facility, citing specific pollution-related non-compliances.

Following the issuance of these directions, Shyam Metalics and Energy Limited submitted detailed representations to the CPCB, outlining the remedial measures undertaken by the company. After reviewing these submissions, the CPCB granted relief from the closure directions pertaining to these units.

In conjunction with this relief, the CPCB issued directions to the Odisha State Pollution Control Board (OSPCB) to take the necessary steps required for resuming operations at the site. The CPCB has allotted a period of three months for the company to fully address and comply with all findings and observations.

The company stated that it has already initiated the necessary remedial measures and remains fully committed to achieving complete compliance within the prescribed timeline, working in continued cooperation with the CPCB. Stakeholders were advised to rely solely on official corporate communications received through the stock exchanges and to refrain from acting on unverified information circulated on social media platforms.

SHYAMMETL Stock Price Movement​

As of 10:26 AM, shares of Shyam Metalics and Energy Limited are shedding 1.60% in live trading, currently hovering at ₹825.4. Trading on a volume of 17,993 shares, the stock remains notably below its opening levels for the session.

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