Shyam Metalics And Energy Limited has informed the Exchange regarding a press release dated April 17, 2026, titled "Shyam Metalics Strengthens Value-Added Steel Portfolio with Commissioning of Phase II CRM Facility at Jamuria; Scales Up Capacity to 0.40 MTPA".
SHYAMMETL · price
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Shyam Metalics has started commercial production at Phase II of its Cold Rolling Mill (CRM) facility for colour-coated sheets at the Jamuria plant in West Bengal, effective April 16, 2026. Phase II adds a Dual Pot GI cum Galvalume (GL) line with 0.15 MTPA capacity, taking total CRM capacity to 0.40 MTPA. The expansion targets high-growth segments such as solar energy mounting structures, automotive, and consumer durables, reducing import dependence. The project is covered under the Government of India's PLI 2 Scheme. The company expects improved product mix, margin expansion, and incremental EBITDA contribution over the medium term, with full ramp-up anticipated in 10–12 months.
Positive for shareholders — the expansion strengthens Shyam Metalics' value-added product mix, opens new high-margin revenue streams, and benefits from PLI scheme incentives, though the 0.15 MTPA addition is modest relative to its overall 16.78 MTPA installed metal capacity.