Shyam Metalics commissions aluminium foil plant in Odisha

SHYAMMETL · price

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-1.6%1-day move

₹1034.05

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₹1043.15

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AI summary

SMEL's step-down subsidiary SMEL Steel Structural has started commercial production at its aluminium foil facility in Sambalpur, Odisha with 18,000 TPA capacity, making foils in the 6 to 40 micron range. The 60,000 TPA aluminium flat rolled products (FRP) plant is on track for September 2026 launch. Total investment in aluminium facilities is around Rs 800 crore. Company expects operating margins to improve 40-50 percent and topline to grow 2x to 2.5x from the new value-added product mix.

Likely market impact

New value-added aluminium revenue stream likely to lift margins 40-50 percent and double topline over time; positive growth signal for shareholders.