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Shyam Metalics expands rail infrastructure at its steel plant in Odisha
Infrastructure - May 29,2024
Shyam Metalics and Energy (SMEL) completes rail infrastructure expansion at its Odisha plant, doubling lines to four. Enhanced facilities aim for efficient material flow. Yet, current capacity meets o .

Shyam Metallics plans Rs 810 crore investment
Metallurgical Industries - May 15,2024
Shyam Metalics and Energy Ltd's Board of Directors approved a CAPEX of Rs. 810 crore for manufacturing Flat Rolled Aluminium Products, Aluminium Foils, Stainless Steel Bright Bars, and SS Wire .

Shyam Metalics announces expansion into stainless steel products
Metallurgical Industries - Apr 10,2024
Shyam Metalics and Energy will invest Rs 650-750 crore in its stainless steel business, focusing on a new stainless steel hot rolled coils (HRC) facility in Sambalpur, Odisha. The plant, targeting 0.3 .

Shyam Metalics to venture into lithium ion battery-grade aluminum production
Power Generation - Sep 27,2023
Shyam Metalics and Energy Limited has entered the production of battery-grade aluminum foil, crucial for lithium-ion cells, in response to increasing demand from Indian businesses involved in advanced .

Shyam Metalics to foray into energy storage business
Metallurgical Industries - Sep 26,2023
Shyam Metalics and Energy has entered the energy storage sector with battery-grade aluminum foil, aligning with India's AatmaNirbhar Bharat energy storage initiative. The company, known for produ .

Shyam Metalics establishes floating solar power facility of 50 MW in Odisha
Power Generation - Jul 25,2023
Shyam Metalics and Energy Limited (SMEL), an integrated metal-producing firm, is constructing a 50 MW Captive Floating Solar Power Project in Odisha. The project aims to reduce its carbon footprint an .