StockWatch
·
Iron & Steel
Expansion29 Jul 2026, 04:41 pm

Shyam Metalics Commissions 1.5 MTPA Beneficiation Plant

AI Summary

Shyam Metalics and Energy Limited has successfully commissioned its new 1.5 MTPA Beneficiation Plant in Sambalpur, Odisha, effective July 29, 2026. This plant, with a capital investment of ₹150 Crore, is designed to process low-grade ore into high-grade feedstock for downstream operations. The strategic objectives include enhancing resource efficiency by extending mine life, optimizing reserves, and expanding margins through reduced reliance on external feedstock. The plant utilizes eco-efficient technology to ensure uniform premium-grade input while optimizing water and energy consumption, aligning with quality and sustainability goals.

Key Highlights

  • New 1.5 MTPA Beneficiation Plant commissioned in Sambalpur, Odisha.
  • Capital investment of ₹150 Crore for the new facility.
  • Aims to process low-grade ore into high-grade feedstock.
  • Expected to improve resource efficiency and expand operating margins.
  • Focus on quality and sustainability with eco-efficient technology.