Shyam Metalics and Energy Commissions 8.90 MWp Solar Power Project in Jamuria, Expanding Renewable Portfolio
Kolkata: Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metalics and Energy Limited, has successfully commissioned an 8.90 MWp Solar Power Project at its manufacturing facility in Jamuria, West Bengal. This milestone represents a significant stride in the group's commitment to transitioning toward greener energy sources and reducing its environmental footprint across operational facilities.
The commissioning enhances the company’s renewable energy portfolio by combining both capital expenditure (CAPEX) and operating expenditure (OPEX) models for power generation. The primary objective of the project is captive consumption, which aims to optimize operational power costs and support green energy integration within the manufacturing process.
Key details of the commissioned solar project are as follows:
| Feature | Specification |
|---|---|
| Total Installed Capacity | 8.90 MWp |
| CAPEX Model | 4.60 MWp |
| OPEX Model | 4.30 MWp |
| Location | Jamuria, West Bengal |
Commenting on the achievement, Mr. Brij Bhushan Agarwal, Chairman and Managing Director of Shyam Metalics and Energy Limited, stated that the commissioning of the 8.90 MWp solar power capacity underscores the company's commitment to sustainable manufacturing and clean energy transition. He noted that by adopting a blended strategy utilizing both CAPEX and OPEX models, the group is effectively balancing long-term cost optimization with capital efficiency while reducing carbon emissions.
Company Overview and Capacity
Shyam Metalics is described as a leading and rapidly growing integrated metal-producing company in India. With operations spanning West Bengal, Odisha, Jharkhand, and Madhya Pradesh, the company focuses on Long & Flat Steel Products, Ferro Alloys, Aluminium, and Stainless Steel.The group holds a market capitalization exceeding ₹ 28,500 Cr. Shyam Metalics is among the largest ferro alloys producers by installed capacity in India and has an aggregate installed metal capacity of 16.93 MTPA across the steel value chain. The company’s operations are further supported by an aggregated captive power plant capacity totaling 467 MW.
SHYAMMETL Stock Price Movement
On Monday, Shyam Metalics and Energy Limited shares edged higher to close at ₹1035.10 after gaining 0.73% during trading hours. The stock saw activity across a day range of ₹1015.65 to ₹1044.90, with total traded volume standing at 215,142 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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