Shyam Metalics and Energy Limited Commences Commercial Production of Phase II Colour Coated Sheets Facility

Shyam Metalics and Energy Limited's step-down subsidiary, Shyam Sel and Power Limited (SSPL), has successfully commissioned the Phase II of its Cold Rolling Mill (CRM) Facility for Colour Coated Sheets at its plant in Jamuria. The company has commenced commercial production of this facility with effect from April 16, 2026, in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capacity Expansion Details

With the commissioning of Phase II, the company has added an incremental capacity of 0.15 Million Tonnes Per Annum (MTPA) for Colour Coated Sheets. The total installed capacity for this facility now stands at 0.40 MTPA, comprising the existing Phase I capacity of 0.25 MTPA and the newly added Phase II capacity of 0.15 MTPA.

Capacity Component	Production Capacity (MTPA)
Phase I (Existing)	0.25
Phase II (New)	0.15
Total Installed Capacity	0.40

Strategic Significance

This development marks a significant milestone in the company's phased capacity expansion strategy. The enhancement is expected to strengthen SSPL's production capabilities and product offerings in the value-added steel segment. The expansion will further enhance the company's manufacturing competitiveness and market presence in the Colour Coated Sheets segment.

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited, with the company's scrip code being 543299 on BSE and trading symbol SHYAMMETL on NSE.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.76%	-4.96%	+5.52%	-9.64%	-8.73%	+118.18%

Shyam Metalics & Energy Limited has announced that its aluminium manufacturing project in Sambalpur, Odisha is in advanced stage of readiness for commencement of commercial production. The facility, operated through step-down subsidiary Smel Steel Structural Pvt. Ltd., represents a significant expansion into value-added aluminium products and reinforces the Group's commitment to strengthening India's downstream metal capabilities.

Production Capacity and Specifications

The new facility will manufacture two key product categories with substantial production capacity:

Product Type:	Capacity	Specifications
Aluminium Flat Rolled Products (FRP)	60,000 tonnes per annum	Thickness range: 0.3 – 4.0 mm
Aluminium Foils	18,000 TPA	Thickness range: 6 – 40 microns

Financial Performance Projections

The commissioning of the Sambalpur unit is expected to significantly enhance the company's financial and operational performance. Management anticipates substantial improvements across key metrics:

Performance Metric:	Expected Improvement
Operating Margins	Approximately 40–50% improvement
Revenue Growth	2x to 2.5x increase over medium term
Key Drivers	Better product mix and enhanced efficiencies

Strategic Benefits and Market Position

This expansion reinforces Shyam Metalics' focus on product diversification and value addition while addressing growing demand for high-quality metal products across industries. The facility is strategically positioned to support increasing requirements of sectors that rely on precision-engineered and value-added materials, thereby reducing dependence on imports and contributing to India's manufacturing ecosystem.

The project strengthens the company's integrated manufacturing ecosystem by enhancing downstream capabilities and enabling expansion into high-growth segments. The facility's strategic location provides logistical advantages, allowing efficient access to key demand centres and supporting seamless distribution across domestic and international markets.

Management Commentary

Commenting on the development, Mr. Brij Bhushan Aggarwal, Chairman and Managing Director of Shyam Metalics and Energy Ltd., stated: "This project represents a key milestone in our journey toward building a robust downstream aluminium ecosystem. With rising demand for high-quality aluminium products, we are confident that this facility will contribute meaningfully to industrial growth while supporting local economic development."

Company Profile

Shyam Metalics is a leading integrated metal-producing company based in India, primarily operating in the steel industry across West Bengal, Odisha, Jharkhand and Madhya Pradesh. The company focuses on Long & Flat Steel Products, Ferro Alloys, Aluminium and Stainless Steel. Listed on exchanges in 2021, the company possesses a market capitalization of more than ₹22,000 crore as of the press release date. The company currently has aggregate installed metal capacity of 16.78 MTPA and 467 MW aggregated installed capacity captive power plants.