Shyam Metalics & Energy 's subsidiary, Ramsarup Industries Limited (RIL), has announced a significant expansion plan involving a ₹369 crore investment in new steel production facilities. The company plans to launch a new blast furnace and linear sinter plant, marking a strategic move to boost its production capabilities in the steel sector.

Key Highlights of the Expansion

• Investment: ₹369 crore
• New Facilities: Modern Blast Furnace and Linear Sinter Plant
• Expected Production Start: November 2025

Detailed Expansion Plans

Technological Advancements

The new facilities are equipped with cutting-edge technology aimed at enhancing efficiency and environmental sustainability:

• Energy Recovery: 2.5 MW Top Gas Pressure Recovery Turbine (TRT) and 8 MW recovery through BFG Boiler, contributing to an additional 10% energy recovery
• Cooling System: Specialized evaporative cooling system reducing water and power consumption by approximately 20% compared to conventional systems
• Environmental Design: Zero process water discharge design for improved sustainability

Strategic Implications

This expansion is set to significantly enhance Ramsarup Industries' production capabilities, particularly in high-quality Alloy, Carbon, and Special Steel products. The company aims to cater to growing demand across multiple industries through advanced EAF, LRF, and VD processes.

Mr. Brij Bhushan Agarwal, Chairman & Managing Director of Shyam Metalics & Energy Limited, commented on the development: "The commissioning of our Modern Blast Furnace and Linear Sinter Plant is a proud milestone for Ramsarup Industries. This advanced facility not only increases our production capacity but also brings in energy-efficient and environmentally responsible technology, underlining our commitment to excellence and sustainable growth."

The expansion aligns with Ramsarup Industries' vision of operational excellence and positions the company to meet the increasing demand for high-quality steel products while adhering to environmentally responsible practices.

As the Indian steel industry continues to grow, Ramsarup Industries' strategic investment is likely to strengthen its market position and contribute to the country's industrial progress.

Shyam Metalics & Energy Limited (SMEL) has announced that eligible employees have exercised 57,900 stock options under the company's SMEL Loyalty ESOP Scheme (ESOP II - 2023), generating ₹12.8 crore for the company. This development marks a significant milestone in the company's employee stock ownership program.

Key Details of the Stock Option Exercise

ESOP Scheme Overview

The exercised options are part of a larger grant of 2,16,000 options to five eligible employees under the SMEL Employee Stock Incentive Plan - 2023 (ESIP - 2023). The vesting schedule for these options is structured over three years:

The 57,900 options exercised represent the second-year vesting tranche, which became available to employees on September 27, 2025. Employees had a six-month window to exercise these options, an opportunity they promptly utilized.

Pricing and Market Considerations

The exercise price of ₹221.00 per share represents a 50% discount to the market price on the grant date of September 27, 2023. This pricing strategy aims to provide a valuable benefit to employees while aligning their interests with those of the company's shareholders.

Impact on Company Finances

The exercise of these options has resulted in a cash inflow of ₹12.80 crore for Shyam Metalics & Energy Limited. This additional capital could potentially be used for various corporate purposes, although the company has not specified its intended use in the announcement.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are kept informed about significant events related to the company's equity structure.

The exercise of these stock options demonstrates the confidence of Shyam Metalics' employees in the company's future prospects. It also highlights the effectiveness of employee stock ownership plans in fostering a sense of ownership and aligning employee interests with company performance.