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 and Energy Ltd. (SMEL) plans to invest an estimated 3,900 crore to increase manufacturing capacity for pellets, sponge iron, billets, and finished steel. The integrated steel production capacity is also being…
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…
Shyam Metalics and Energy board of directors had authorised the expansion of its integrated facilities in Sambalpur and its material subsidiary’s factory in Jamuria. The capital investment will be used to capitalise on…
Shyam Metalics and Energy Limited has announced the commissioning of manufacturing capacity at the relevant locations of the Company and its Material Wholly Owned Subsidiary, M/s Shyam Sel & Power Ltd, and are…