- Melt shop capacity expansion planned
- Downstream integration remains key focus
Shyam Metalics and Energy Ltd has announced a fresh INR 2,700 crore strategic expansion plan, of which INR 1,800 crore has been earmarked for stainless steel capacity enhancement and downstream integration. The projects are targeted for commissioning by 2029 and will be funded entirely through internal accruals.
The stainless steel investment includes expansion of the melt shop, hot strip mill capacity, major cold rolling additions, a new reversible cold rolling mill, hot rolled annealing and pickling line, cold annealing and pickling line, and a bright annealing line.
With the latest allocation, cumulative investment in Shyam Metalics’ stainless steel segment will rise from INR 1,030 crore to INR 2,830 crore. The company aims to strengthen its presence in value-added stainless applications and reduce import dependence in critical grades. Key target sectors include automotive, railways, and coastal infrastructure.
The expansion reflects growing confidence in India’s stainless steel demand outlook, especially in downstream flat and specialised segments where domestic supply remains limited.
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