India: Shyam Metalics reports 59% y-o-y surge in stainless steel sales in Dec’24

Shyam Metalics and Energy Ltd. reported a 59% y-o-y increase in stainless steel sales (7,889 t) in Dec’24 but a 6% drop in realisations to INR 122,681/t. Aluminium foil sales grew 32% y-o-y (1,920 t) with an 11% rise in realisations to INR 356,235/t. Despite steady increases in sales volumes, realisations showed mixed trends across periods.