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Latest news about Shyam Metalics & Energy

Shyam Metalics Seeks Shareholder Approval for Director Re-appointment and Remuneration Revisions Nov 21, 2025

Shyam Metalics & Energy Limited (SMEL) has issued a postal ballot notice for shareholder approval on key corporate governance matters. The company proposes to re-appoint Ms. Rajni Mishra as an Independent Director for a second five-year term. SMEL also seeks to revise remuneration for two Whole-Time Directors: Mr. Sheetij Agarwal's annual package to increase from Rs. 60 lakh - Rs. 2 crore to Rs. 2 crore - Rs. 5 crore, and Mr. Dev Kumar Tiwari's from up to Rs. 50 lakh to Rs. 50 lakh - Rs. 1.50 crore annually. E-voting for shareholders is scheduled from November 24 to December 23, 2025. The company reports strong financial performance with a 39.33% increase in net profit and record steel production and sales figures.

Shyam Metalics Invests in Green Energy: Acquires 26% Stake in Solar Power Company Nov 12, 2025

Shyam Metalics Signs Solar Power Deal, Reports Mixed October Sales Performance Nov 11, 2025

Shyam Metalics Reports Strong Q2 Results, Credit Rating Upgraded to AA+ Nov 07, 2025

Shyam Metalics Achieves CRISIL AA+ Rating, Reflecting Strong Financial Profile Nov 06, 2025

More news about Shyam Metalics & Energy

29Oct 25

Shyam Metalics Subsidiary Acquires Full Ownership of Star Metalworks

Shyam Sel and Power Limited (SSPL), a subsidiary of Shyam Metalics & Energy Limited (SMEL), has acquired Star Metalworks Private Limited (SMWPL) for ₹1,00,000. The acquisition involves 10,000 equity shares purchased from Mr. Sheetij Agarwal and Mr. Shubham Agarwal. SMWPL, incorporated in July 2022, is yet to commence operations and aligns with SMEL's core business in metal manufacturing. This move is expected to enhance SMEL's manufacturing capabilities in the metal and steel products industry.

29Oct 25

Ramsarup Industries Unveils ₹369 Crore Expansion Plan with New Blast Furnace and Sinter Plant

Ramsarup Industries Limited, a subsidiary of Shyam Metalics & Energy, plans to invest ₹369 crore in new steel production facilities. The expansion includes a modern blast furnace with 0.45 MTPA capacity and a linear sinter plant, expected to start production by November 2025. The new facilities feature advanced technology for energy recovery, efficient cooling, and environmental sustainability. This strategic move aims to enhance the company's production capabilities in high-quality Alloy, Carbon, and Special Steel products.

24Oct 25

Shyam Metalics Employees Exercise 57,900 Stock Options, Raising ₹12.8 Crore

Eligible employees of Shyam Metalics & Energy Limited (SMEL) have exercised 57,900 stock options under the SMEL Loyalty ESOP Scheme (ESOP II - 2023), generating ₹12.8 crore for the company. The options were exercised at ₹221 per share, representing a 50% discount to the market price on the grant date. This exercise is part of a larger grant of 216,000 options to five employees under the SMEL Employee Stock Incentive Plan - 2023, with a three-year vesting schedule. The exercised options represent the second-year vesting tranche, which became available on September 27, 2025.

16Oct 25

Shyam Metalics Unveils Vision 2031 and Launches Phase I of Greenfield Cold Rolling Mill in West Bengal

Shyam Metalics & Energy Limited (SMEL) has announced its Vision 2031 strategy, targeting a 2.5x revenue growth to ₹400 billion by 2031. The company plans to invest ₹100 billion to increase its aggregate capacity from 15 million tons to 27 million tons. SMEL has also commenced Phase I of its greenfield cold rolling mill at the Jamuria plant in West Bengal, with an annual capacity of 400,000 tons and a total capital cost of ₹603 crores. The new facility is expected to contribute 8% to 10% of the company's revenue and EBITDA, addressing the shortage of colour-coated sheet manufacturing units in eastern India.

07Oct 25

Shyam Metalics Reports Mixed Performance with Sponge Iron Decline and Specialty Alloys Growth

Shyam Metalics & Energy's Q2 FY26 sales data shows varied performance across segments. Sponge iron volumes dropped 27.66%, while specialty alloys saw 17.53% sales growth. CR Coil/Sheets segment grew 20.77% in volume, but HR Tube/Pipe segment declined 30.15%. Aluminium Foil realizations improved by 6.18%. The company has expanded its product portfolio with new initiatives including a color-coated plant, SEL Tiger Roofing Sheets, and a blast furnace plant.

10Sept 25

Shyam Metalics Expands into Crash Barrier Manufacturing, Targets 8-10% Market Share

Shyam Metalics & Energy has launched its crash barrier manufacturing unit in Giridih, Jharkhand, with a 24,000 MTPA capacity. The company aims to capture 8-10% market share in this sector by FY 2025-26. A new facility in Sambalpur is planned with ₹50 crore investment, adding 60,000 MTPA capacity. Further expansion in FY 2026-27 will include production of transmission line towers, railway electrification structures, and more. The company expects this segment to add 50% more value to its Giridih operations and plans to explore export opportunities in the Middle East, Europe, and Africa.

05Sept 25

Shyam Metalics Reports Mixed August Sales Performance with Surge in Pellet Sales

Shyam Metalics & Energy Limited (SMEL) released its August consolidated sales figures, showing varied performance across segments. Pellet sales volumes increased by 216.17% year-over-year to 137,392 MT, with a 13.87% rise in realizations. Stainless steel sales volumes grew 32.83% to 9,378 MT. However, sponge iron sales declined 34.51% to 56,575 MT, and specialty alloys volumes fell 17.28% to 14,849 MT. New segments like pig iron and HR Tube/Pipe showed growth. Recent plant implementations include a blast furnace and color-coated plant at Jamuria. SMEL's financial position remains strong with a CRISIL rating upgrade to AA (Positive) for Long Term Bank Facilities.

14Aug 25

Shyam Sel and Power Acquires 26% Stake in Emerge Solar Projects for ₹25 Lakh

Shyam Sel and Power Limited (SSPL), a subsidiary of Shyam Metalics & Energy, has acquired a 26% equity stake in Emerge Solar Projects Private Limited for ₹25.00 lakh. The acquisition involves 2,600 equity shares at ₹10 face value with a ₹951.54 premium per share. This strategic move aims to qualify SSPL as a captive user under the Electricity Act, 2003, potentially reducing energy costs and improving EBITDA margins. Emerge Solar Projects, incorporated in March 2024, focuses on setting up solar power generation units but has not yet commenced operations.

28Jul 25

Shyam Metalics Reports 22% Revenue Growth and 19% EBITDA Rise in Q1

Shyam Metalics & Energy delivered robust Q1 results with revenue up 22% to Rs. 4,490.00 crores, EBITDA rising 19% to Rs. 580.00 crores, and PAT growing 5.3% to Rs. 291.00 crores. Volume growth was 32% year-on-year. The company's blast furnace achieved 104% utilization, while the color-coated unit reached 70%. Shyam Metalics has incurred Rs. 7,003.00 crores in CAPEX, with most carbon steel projects expected to be operational by FY26. The company declared an interim dividend of Rs. 1.80 per share. Management anticipates maintaining a 15% annual CAGR and EBITDA margins between 11-13%, focusing on diversification into high-value products including aluminum and stainless steel.

22Jul 25

Shyam Metalics Reports Strong Q1 Performance, Declares Interim Dividend

Shyam Metalics & Energy reported robust Q1 FY24 results with consolidated revenue up 22.30% YoY to Rs 4,418.84 crore and PAT rising 5.27% to Rs 290.67 crore. The company declared an interim dividend of Rs 1.80 per share. The Board approved fundraising plans of up to Rs 4,500 crore through various means and the issuance of NCDs worth up to Rs 3,000 crore. The 23rd AGM is scheduled for August 26 via video conferencing.

22Jul 25

Shyam Metalics Reports 22% Revenue Growth in Q1, Declares Interim Dividend

Shyam Metalics & Energy announced robust Q1 results with consolidated revenue up 22.35% to ₹4,418.84 crore. Profit after tax increased by 5.27% to ₹290.67 crore, while EBITDA rose 17.57% to ₹633.23 crore. The company declared an interim dividend of ₹1.80 per share. The Board approved fundraising up to ₹4,500 crore through equity shares and ₹3,000 crore via Non-Convertible Debentures. The 23rd Annual General Meeting is scheduled for August 26.

07Jul 25

Shyam Metalics Achieves Remarkable Growth Across Product Segments

Shyam Metalics & Energy has shown significant growth in various product segments. Color-coated Cr Coils/sheets production nearly doubled year-over-year to 31,604.00 MT, with a 93% increase quarter-on-quarter. HR Tubes/pipes production surged 152% quarter-on-quarter to 1,005.00 MT, accompanied by a 7% rise in average price. Aluminium foil sales increased by 52% year-over-year, reaching 4,783.00 MT. This growth across key segments indicates strong market demand and effective operational execution, potentially leading to improved revenue and profitability for the company.

05Jul 25

Shyam Metalics Reports Mixed Performance in Q1 FY26

Shyam Metalics & Energy experienced varied results in Q1 FY26. Stainless steel sales volume declined 18% QoQ to 19,813 tonnes, but saw an 8% increase in average realisation to ₹1.38 lakh per tonne. Aluminium foil sales volume dropped 3% QoQ to 5,440 tonnes, with a 4% rise in average realisation to ₹3.65 lakh per tonne. The company demonstrated pricing strength despite volume challenges across both segments.

05Jun 25

Shyam Metalics Reports 41% Surge in Stainless Steel Sales Volume for May

Shyam Metalics and Energy Limited experienced a significant 41% year-over-year increase in stainless steel sales volume for May. However, the company also reported a slight 0.20% year-over-year decrease in realisations during the same period. This contrasting trend highlights the company's strong market position and increased sales quantity, while also indicating a need for careful price management.

20May 25

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.