Shyam Metalics Diversifies into Wagon Manufacturing with New Kharagpur Facility
Shyam Metalics and Energy Ltd plans to establish a new greenfield wagon manufacturing facility in Kharagpur, West Bengal, through its subsidiary Ramsarup Industries Ltd. The plant is expected to start operations by March 2026 with an initial capacity of 2,400 wagons per annum, expandable to 4,800 wagons in Phase II. The facility will feature rooftop solar installations for sustainable manufacturing.
19May 25
Shyam Metalics Ventures into Wagon Manufacturing with New Kharagpur Facility
Shyam Metalics and Energy Ltd is expanding into wagon manufacturing with a new greenfield facility at their Kharagpur plant in West Bengal. The facility will have an annual production capacity of 4,800 wagons, incorporating sustainable design, indigenous technology, and enhanced efficiency measures. This strategic move aligns with India's 'Make in India' initiative and could open new revenue streams for the company, capitalizing on the growing investments in the railway sector.
09May 25
Shyam Metalics Reports Q4 FY23 Results: Revenue and EBITDA Growth, Dividend Announced
Shyam Metalics and Energy Ltd announced its Q4 FY23 results, showing significant growth. Revenue increased by 14.68% to ₹41.40 billion, while EBITDA rose by 16.33% to ₹5.70 billion. The company's EBITDA margin improved slightly to 13.75%. Net profit saw a modest increase to ₹2.19 billion. The company also declared a dividend of ₹2.25 per share.
08Apr 25
Shyam Metalics and Energy Reports Strong Growth in Aluminium Foil and Stainless Steel Segments
Shyam Metalics and Energy Ltd's Q4 business update reveals impressive growth. Aluminium foil segment saw 27% year-on-year volume increase and 6% realization growth. Stainless steel segment reported 66% volume surge and 17% realization boost compared to the previous year. Q4 specifically showed 3% volume growth for aluminium foil and 18% for stainless steel. The company attributes stainless steel growth to focus on higher value products.
07Mar 25
Shyam Metalics Reports Strong YoY Growth in Stainless Steel and Aluminium Foil Sales for February 2025
Shyam Metalics and Energy Ltd (SHYAMMETL) reported significant year-on-year growth in its stainless steel and aluminium foil segments for February 2025. Stainless steel sales volume increased by 110% to 8,552 MT, with a 10% rise in average realization. Aluminium foil sales volume grew by 23% to 1,686 MT, with a 13% increase in average realization. Other segments showed mixed results, with carbon steel and sponge iron experiencing declines, while pig iron saw substantial growth compared to January 2025. The company also introduced color-coated sheets, selling 350 tonnes in February.