New Launch16 Oct 2025, 01:11 pm
Shyam Metalics Commences Phase 1 of Greenfield Cold Rolling Mill in West Bengal
AI Summary
Shyam Metalics and Energy Ltd. has commenced the trial run of a state-of-the-art Greenfield Cold Rolling Mill (CRM) in Jamuria, West Bengal, on 9th September 2024. The mill, with a total capacity of 400,000 tons annually, is expected to contribute significantly to the company's revenue growth. The project, costing INR 603 crores, will specialize in producing pre-painted galvalume coils (PPGL) and coils of galvanized iron/galvanized steel (GI/GL). The company aims to achieve optimal utilization of the new facility within the next two years, contributing around 8% to 10% of the company’s revenue & EBIDTA.
Key Highlights
- Shyam Metalics commences trial run of a Greenfield Cold Rolling Mill in Jamuria, West Bengal.
- The mill has a total capacity of 400,000 tons annually and specializes in producing PPGL and GI/GL.
- The project costs INR 603 crores, with INR 346 crores already invested and INR 257 crores pending.
- The new facility is expected to contribute significantly to the company's revenue growth.
- Shyam Metalics aims to achieve optimal utilization of the new facility within the next two years.