Announced Mon, 5 Oct, 2026 · 08:52 IST
Shyam Metalics signs MoU with Maharashtra for Rs 50,000 Cr steel complex
SHYAMMETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹1047.20
prior close
₹1054.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.9-0.8-1.5+0.7+2.4+2.5———————
Up moveDown movePending
AI summary
Shyam Metalics signed an MoU with the Maharashtra Government to set up a 9 MTPA greenfield integrated steel complex in Chandrapur, with an estimated investment of Rs 50,000 Crore. The project will be built in two phases: Phase-I of 3.75 MTPA and Phase-II of 5.25 MTPA. It is expected to create around 30,000 direct and indirect jobs. The company will seek necessary approvals in FY 2026-27. Current installed capacity stands at 16.93 MTPA.
Likely market impact
Major capacity addition of about 53% over existing capacity, signals strong long-term growth pipeline. Positive for shareholders.