Shyam Metalics Board Approves Unaudited Q2/H1 FY27 Results

Shyam Metalics and Energy Limited announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors also gave in-principle approval for the acquisition of a 51% controlling equity stake in Alom Solar Private Limited, which will make it a subsidiary. Additionally, the company approved an initial Capital Expenditure (Capex) budget of approximately ₹360 Crores for the development of the Phutamura Coal Block, with Shyam Metalics contributing 51% (₹183.60 Crores). The Board also approved the proposed induction of Mr. Debashis Prasad Pattanaik as a nominee director representing LIC.