Shyam Metalics Scales Up Value-Added Steel Portfolio with Commissioning of Phase II CRM Facility

Shyam Metalics Scales Up Value-Added Steel Portfolio with Commissioning of Phase II CRM Facility​

Shyam Metalics and Energy Limited, a leading integrated metal producer in India, announced the successful commissioning of Phase II of its Cold Rolling Mill (CRM) facility. Located at its Jamuria plant in West Bengal, the facility significantly enhances the company's capacity in the value-added steel segment. The facility operates through the company's wholly owned subsidiary, Shyam Sel and Power Limited (SSPL), and commenced commercial production effective April 16, 2026.

The Phase II expansion introduces an advanced processing Dual Pot GI cum Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA). This incremental capacity boosts the total installed capacity of the CRM facility to 0.40 MTPA. This overall capacity incorporates the existing Phase I capacity of 0.25 MTPA, strengthening Shyam Metalics' footprint in the market for value-added steel products.

This strategic scaling positions the company to address critical demands across multiple high-growth sectors. Specifically, Shyam Metalics is now strategically positioned to cater to the solar energy sector through the manufacturing of mounting structures for solar panels, an area previously dependent on imports. Furthermore, the enhanced facility will serve the automotive and consumer durables/appliances sectors, which show a rising demand for high-quality, precision-engineered steel.

The development also aligns with national initiatives, reinforcing Shyam Metalics' commitment to self-reliance. The expansion is noted to align with the Government of India's Production Linked Incentive (PLI) Scheme - PLI 2.

Commenting on the milestone, Mr. Brij Bhushan Aggarwal, Chairman and Managing Director, of Shyam Metalics and Energy Ltd., stated that the commissioning of Phase II is a strategic step toward improving overall realizations and strengthening the value-added product portfolio. He highlighted that the expansion is aimed at catering to high-growth, high-margin segments, including solar, automotive, and consumer durables.

Mr. Aggarwal added that the phase is expected to drive a better product mix, support margin expansion, and contribute meaningfully to incremental EBITDA over the medium term. The company remains focused on disciplined capital allocation, with a strong pipeline of value-accretive expansions under evaluation and expects optimal ramp-up within the next 10 to 12 months.

Company Overview​

Shyam Metalics is described as a leading and rapidly growing integrated metal-producing company based across West Bengal, Odisha, Jharkhand, and Madhya Pradesh. The company specializes in Long Steel Products, Ferro Alloys, Aluminium, and Stainless Steel. As of the date of the announcement, the company possessed a market capitalization of more than ₹ 24,500 Cr. The aggregate installed metal capacity across its manufacturing plants stands at 16.78 MTPA, while the captive power generation capacity is 467 MW.

SHYAMMETL Stock Price Movement​

As of 1:38 PM, shares of Shyam Metalics and Energy Limited are shedding 0.06% in live trading, currently hovering at ₹863. The stock is seeing significant interest during the session, supported by a robust volume of 130,566 shares.

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