Kolkata-based Shyam Metalics & Energy Ltd has filed a draft red herring prospectus with SEBI to raise over INR 1,100 crore through an initial public offering (IPO). The company has its manufacturing facilities located in in West Bengal and Odisha, the company focuses on long steel and ferro alloys with installed captive power capacity. Its Odisha based plant has a rolling rebar & wire rod capacity of 0.32 mn t pa, along with 60,000t of structure steel capacity.
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