New Launch23 Apr 2026, 11:11 am
Shyam Metalics Launches Aluminium Facility in Odisha
AI Summary
Shyam Metalics and Energy Ltd announces the upcoming launch of its aluminium flat rolled products and foil manufacturing facility in Sambalpur, Odisha. The facility, operated by Smel Steel Structural Pvt. Ltd., a step-down subsidiary, will produce 60,000 TPA of aluminium flat rolled products and 18,000 TPA of aluminium foils. The company anticipates a 40-50% improvement in operating margins and a 2x to 2.5x increase in topline over the medium term. The project aims to reduce import dependence and contribute to India's manufacturing ecosystem.
Key Highlights
- Shyam Metalics launches aluminium manufacturing facility in Sambalpur, Odisha.
- Facility to produce 60,000 TPA of aluminium flat rolled products and 18,000 TPA of foils.
- Operating margins are expected to improve by 40-50%.
- Topline projected to increase by 2x to 2.5x over the medium term.
- Project to generate employment and support India's 'Make in India' initiative.