Press Release9 Sept 2024, 06:41 pm
Shyam Metalics and Energy Unveils Future Growth Plan with Rs. 10,025 Cr CAPEX
AI Summary
Shyam Metalics and Energy Limited (SMEL) has announced a future growth plan, including a CAPEX of Rs. 10,025 Cr since 2021. The company has already incurred 50% of the total CAPEX, with Rs. 2,654 Cr contributing to the growth of the company. SMEL has grown its capacities at a CAGR of more than 18% in the past 5 years, with a focus on value-added products. The revenue and EBIDTA have grown at a CAGR of 24.7% and 19.9% respectively in the last 5 years.
Key Highlights
- SMEL announces a CAPEX of Rs. 10,025 Cr since 2021 for future growth.
- The company has already incurred 50% of the total CAPEX, with Rs. 2,654 Cr contributing to the growth.
- SMEL has grown its capacities at a CAGR of more than 18% in the past 5 years.
- The revenue and EBIDTA have grown at a CAGR of 24.7% and 19.9% respectively in the last 5 years.
- SMEL has a unique defined Business model in the metal industry and sources around 80% of the power required from captive power plants.