Shyam metalics & energy announced that its wholly owned subsidiary Shyam Sel and Power Limited (SSPL) has successfully commissioned Phase II of its Cold Rolling Mill facility for colour coated sheets. The facility at the Jamuria plant commenced commercial production on April 16, 2026, marking a significant milestone in strengthening the company's value-added steel business.

Capacity Enhancement Details

The commissioning of Phase II has substantially raised the production capacity at SSPL's operations. The expansion details are outlined below:

Strategic Market Positioning

The Phase II expansion comprises an advanced processing Dual Pot GI cum Galvalume line with enhanced technical capabilities for precision-driven applications across industries. This development strategically positions Shyam Metalics to serve the solar energy sector, particularly in manufacturing mounting structures for solar panels, an area previously dependent on imports.

The expansion aligns with the Government of India's Production Linked Incentive (PLI) Scheme – PLI 2, reinforcing the company's commitment to national initiatives aimed at boosting advanced manufacturing and reducing import dependency. The enhanced facility will cater to high-growth sectors including automotive and consumer durables, where demand for high-quality, precision-engineered steel continues to rise.

Business Benefits and Market Impact

The development delivers multiple strategic advantages for the company's market positioning:

Management Commentary

Commenting on the expansion, Mr. Brij Bhushan Aggarwal, Chairman and Managing Director, stated that the commissioning represents a strategic step towards strengthening the value-added product portfolio and improving overall realizations. He emphasized the project's expected contribution to better product mix, margin expansion, and incremental EBITDA over the medium term, with optimal ramp-up anticipated within 10-12 months.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency regarding material developments that could impact the company's operations and market position in the integrated metal production sector.

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.