Shyam Metalics & Energy Limited (SMEL) has announced a significant move in its corporate structure. The company's material wholly-owned subsidiary, Shyam Sel and Power Limited (SSPL), has acquired complete ownership of Star Metalworks Private Limited (SMWPL). This acquisition marks a strategic expansion within the Shyam Metalics group.

Key Details of the Acquisition

Impact and Strategic Implications

1. Subsidiary Status: Following this acquisition, SMWPL has become a wholly-owned subsidiary of SSPL and a step-down subsidiary of Shyam Metalics and Energy Limited.

2. Industry Alignment: SMWPL operates in the manufacturing of various metals, including iron and steel products, which aligns with SMEL's core business.

3. Expansion of Manufacturing Capabilities: The acquisition is expected to enhance SMEL's manufacturing facilities for various metal and steel products.

4. Related Party Transaction: The acquisition falls under the category of a related party transaction, as the sellers are part of the promoter group of Shyam Metalics and Energy Limited.

About Star Metalworks Private Limited

• Incorporation: July 20, 2022
• Business Status: Yet to commence operations
• Authorized Capital: ₹10,00,000
• Paid-Up Capital: ₹1,00,000

Regulatory Compliance

The acquisition has been executed in compliance with SEBI regulations, including the Listing Obligations and Disclosure Requirements. SMEL has duly informed the stock exchanges about this development, adhering to the transparency norms set by regulatory authorities.

This strategic move by Shyam Metalics and Energy Limited, through its subsidiary, underscores the company's focus on strengthening its position in the metal manufacturing sector. As SMWPL begins its operations, it is expected to contribute to the group's overall production capabilities and market presence in the steel and metal products industry.

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.