Shyam Metalics Unveils Vision 2031 — Targets 2.5x Revenue Growth to Rs400bn and Rs100bn Capex Plan

Shyam Metalics and Energy Limited, one of India’s leading integrated metal producers, announced its Vision 2031. The strategy aims for sustainable, value-driven, and capital-efficient growth, with a target of a 2.5x increase in topline to reach Rs400bn by 2031. The company plans to expand its aggregate capacity from 15mn tons to 27mn tons, covering intermediate and finished products. The growth program is expected to create over 10,000 new direct and indirect jobs and double export revenues. The investment will be directed towards technology upgradation, process innovation, energy efficiency, and downstream integration. The company recently secured iron ore mining assets in Maharashtra, further strengthening its raw material security and supporting cost optimization.