Expansion16 Jul 2026, 10:40 am
Shyam Metalics Commissions Aluminium Foil Facility, FRP Plant On Track
AI Summary
Shyam Metalics and Energy Ltd (SMEL) announced the commencement of commercial production at its Aluminium Foil facility in Sambalpur, Odisha, with an installed capacity of 18,000 TPA. The company also confirmed its Aluminium Flat Rolled Products (FRP) facility, with a 60,000 TPA capacity, is on track for a September 2026 launch. This strategic expansion into value-added aluminium products, representing an investment of approximately ₹800 crore, aims to diversify SMEL's product portfolio, meet domestic demand, reduce import dependence, and enhance operating margins by an estimated 40-50%. The company projects this will drive revenue growth, potentially doubling its topline.
Key Highlights
- Aluminium Foil facility operational with 18,000 TPA capacity.
- Aluminium FRP plant (60,000 TPA) to launch by September 2026.
- Investment of ₹800 crore in new aluminium facilities.
- Expected margin enhancement of 40-50% from value-added products.
- Projected revenue growth of 2x to 2.5x.
Price Impact
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