Shyam Metalics Expands Pakuria Operations with New Annealing Furnaces and Foil Separator
Shyam Metalics and Energy Limited, a major integrated metal producer in India, has significantly boosted its production capabilities at its Pakuria facility. The expansion involves the commissioning of new equipment, focusing on improving operational efficiency and meeting increasing market demand.The company has successfully commenced commercial production from two newly added Annealing Furnaces. These facilities include one with a capacity of 25 MT per annum and another with a capacity of 30 MT per annum. The addition of these furnaces is designed to streamline the annealing process, supporting better output consistency and overall product quality.
Complementing this upgrade, Shyam Metalics has also commissioned a 2300 mm Vertical Foil Separator (LGSS). This advanced equipment is crucial for the accurate separation of Ultra-Light Gauge (ULG) and Light Gauge (LG) foil, covering a precise thickness range of 6 to 15 microns. This addition will allow the company to meet highly specialized customer requirements with enhanced precision.
The collective enhancements at the Pakuria unit are expected to improve process control and strengthen the company’s manufacturing capabilities, supporting the expansion of its value-added product offerings.
Mr. Brij Bhushan Agarwal, Chairman & Managing Director of Shyam Metalics and Energy Limited, commented on the development, stating, "We are continuously working on strengthening our operations through targeted upgrades and better processes. The additions at Pakuria will help us improve efficiency and deliver more consistent, high-quality products to our customers. As demand evolves, we are focused on building the right capabilities to respond quickly and effectively."
Company Profile and Capacity Highlights
Shyam Metalics is a rapidly growing, integrated metal-producing company operating across the steel industry in West Bengal, Odisha, Jharkhand, and Madhya Pradesh. Its core product portfolio includes Long & Flat Steel Products, Ferro Alloys, Aluminium, and Stainless Steel.The company, which was listed in 2021, holds a reported market capitalization of more than ₹ 23,500 Cr. Spearheaded by Mr. B. Bhushan Agarwal, the company is recognized as being amongst the largest producers of ferro alloys in India by installed capacity (Source: CRISIL Report).
The company’s current operational capacity metrics include:
| Metric | Capacity | Details |
|---|---|---|
| Aggregate Installed Metal Capacity | 16.78 MTPA | Comprising intermediate and final products. |
| Captive Power Generation | 467 MW | Aggregated installed capacity of captive power plants. |
Shyam Metalics is also noted as one of the leading players in terms of pellet capacity and the largest coal fired player in the sponge iron industry in India.
SHYAMMETL Stock Price Movement
As of 10:47 AM, shares of Shyam Metalics and Energy Limited are slipping by 1.54% in live trading, currently at ₹838.45. The stock has seen 138,303 shares transacted so far, indicating continued selling pressure in the market.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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