Shyam Metalics aims to get $1 billion in revenue from stainless steel business

After acquiring Mittal Corp through the corporate insolvency resolution procedure, Shyam Metalics and Energy expects the stainless steel company to generate revenues of $1 billion (CIRP). Mittal Corp. would invest Rs 2,000 crore,…

Shyam Metalics to invest Rs 7,500 crore in 4-5 years

In an NCLT-led resolution process, Shyam Metalics and Energy Ltd claimed to have entered the stainless steel industry by acquiring Mittal Corp Ltd. According to Shyam Metalics vice-chairman and managing director Brij Bhusan…