Expansion29 Jul 2026, 08:58 am
Shyam Metalics Commissions 1.5 MTPA Beneficiation Plant for ₹150 Cr
AI Summary
Shyam Metalics and Energy Limited (SMEL) has announced the successful commissioning of its new 1.5 MTPA Beneficiation Plant in Sambalpur, Odisha. This plant, representing a capital investment of ₹150 Crore, is designed to upgrade low-grade ore into high-quality feedstock. The facility aims to optimize raw material utilization, extend mine life, reduce reliance on costly external feedstock, and enhance overall operating margins. The plant utilizes eco-efficient technology to minimize water and energy consumption, reinforcing the company's commitment to sustainable growth. This strategic move is expected to significantly boost profitability and strengthen the company's bottom line.
Key Highlights
- New 1.5 MTPA Beneficiation Plant commissioned in Sambalpur, Odisha.
- Capital investment of ₹150 Crore for the new facility.
- Enhances raw material optimization and significantly boosts profitability.
- Reduces reliance on costly external feedstock, improving cost synergies.
- Reinforces commitment to responsible resource management and sustainability.
Price Impact
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