Shyam metalics & energy Limited has successfully obtained relief from the Central Pollution Control Board (CPCB) regarding closure directions for certain units at its Rengali Plant in Sambalpur, Odisha. The company issued this clarification to address social media rumors and provide factual information to stakeholders, reaffirming its commitment to environmental compliance.

CPCB Closure Directions and Relief Obtained

The Central Pollution Control Board had issued closure directions for specific units at the Rengali facility due to pollution-related non-compliances. Following the company's proactive representations and remedial measures, the CPCB granted relief from these closure directions.

The company emphasized that these directions were specific to the mentioned units only and did not impact any other operations of the company.

Regulatory Response and Compliance Timeline

Shyam Metalics promptly made representations before the pollution control authority, presenting the remedial measures undertaken and seeking relief from the closure directions. The CPCB's decision has paved the way for resumption of operations at the affected units.

The CPCB, after considering the company's submissions, has issued directions to the Odisha State Pollution Control Board (OSPCB) to take necessary steps for resuming operations at the affected units.

Social Media Clarification and Compliance Commitment

Shyam Metalics has demonstrated its commitment to environmental compliance by already initiating necessary remedial measures. The company stated it is fully committed to achieving complete compliance well within the prescribed three-month timeline, maintaining continued cooperation with the CPCB.

The company has advised stakeholders to rely solely on official communications disseminated through stock exchanges and to refrain from acting on unverified social media information. This clarification was signed by Birendra Kumar Jain, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

Shyam Metalics & Energy Limited has announced its consolidated sales release for March 2026 and the fourth quarter ended March 2026 (Q4FY26), showcasing robust performance across its diversified product portfolio. The leading multi-metal conglomerate demonstrated strong growth momentum in several key segments during the reporting period, though some traditional products showed mixed results.

Stainless Steel Segment Shows Strong Growth

The stainless steel division delivered exceptional performance with significant volume and realization improvements across all time periods.

The stainless steel segment achieved a 58.91% year-on-year increase in sales volumes for March 2026, accompanied by a 19.01% improvement in average realizations. On a quarterly basis, volumes increased by 22.46% while realizations rose by 4.89%.

Pellet Business Demonstrates Robust Performance

The pellet division maintained strong growth trajectory with substantial volume increases across different time periods, achieving approximately 40% year-on-year growth.

Pellet sales volumes surged 44.31% year-on-year in March 2026, with realizations improving by 10.92%. The full-year performance showed a 39.90% increase in volumes and 5.09% growth in realizations.

Specialty Products Show Mixed Performance

Aluminium Foil Maintains Steady Growth

The aluminium foil segment continued its positive momentum with consistent improvements in both volumes and realizations.

CR Coil/CR Sheets Achieves Exceptional Growth

The CR Coil/CR Sheets segment delivered outstanding performance, benefiting from the company's color coated plant implementation at Jamuria location in November 2024.

Traditional Steel Products Show Varied Results

Carbon Steel Maintains Steady Performance

Carbon steel, representing cumulative sales of steel billet and long steel products, showed moderate growth in volumes with improved quarterly realizations.

Pig Iron Shows Remarkable Expansion

The pig iron segment achieved exceptional growth with significant volume increases across all reporting periods.

Company Profile and Market Position

Shyam Metalics and Energy Limited operates as a leading integrated metal producing company with focus on long steel products and ferro alloys. The company ranks among the largest producers of ferro alloys, holds a leading position in pellet capacity, and stands as the fourth largest player in India's sponge iron industry. The company maintains a diversified product portfolio spanning carbon steel, stainless steel, specialty alloys, and aluminium foil, supported by captive power plants. SMEL has received upgraded ratings of CRISIL AA+(Stable) for long-term bank facilities and CRISIL A1+ for short-term bank facilities, positioning it as one of the least leveraged steel companies in India.