India: Shyam Metalics unveils INR 10,000-crore expansion plan under Vision 2031

Shyam Metalics and Energy Ltd. has announced an INR 10,000 crore investment to double its capacity to 27 mnt from 15 mnt and revenue to INR 40,000 crore under “Vision 2031”. The plan focuses on speciality and stainless steel, flat products, and aluminium, targeting high-value sectors and creating 10,000 jobs while doubling exports to $300 million.