Shyam Metalics And Energy Limited has informed the Exchange regarding a press release dated April 23, 2026, titled "Shyam Metalics Announces Upcoming Launch of Aluminium Flat Rolled Products and Foil Manufacturing Facility in Sambalpur, Odisha".
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Shyam Metalics' step-down subsidiary Smel Steel Structural Pvt. Ltd. announced its aluminium manufacturing project in Sambalpur, Odisha is ready for commercial production. The facility will produce Aluminium Flat Rolled Products (60,000 TPA capacity, 0.3-4.0 mm thickness) and Aluminium Foils (18,000 TPA capacity, 6-40 microns). The company projects operating margins to improve by 40-50% and expects revenue to increase by 2x to 2.5x over the medium term, supported by the new value-added product mix. The project supports India's domestic manufacturing goals and reduces import dependence.
Positive for shareholders as the company has raised its medium-term guidance, projecting significant margin improvement and revenue growth from this new facility. The diversification into aluminium value-added products reduces sector concentration risk.