Metal stock Shyam Metalics hits a record high after this business update. Details here

Shyam Metalics and Energy hit a record high of ₹1,059 after its step-down subsidiary SMEL Steel Structural commenced commercial production at its 18,000 TPA aluminium foil facility in Sambalpur, Odisha. The company also confirmed its 60,000 TPA aluminium flat rolled products facility is on track for commercial launch by September 2026. The new capacities are expected to enhance operating margins by around 40-50% and drive revenue growth of 2 to 2.5 times through an optimised product mix.