Shyam Metalics and Energy Limited

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Materials & Metals · NSE / BSE

Incorporated in 2002, Shyam Metalics and Energy Limited is a leading integrated metal producer in India, mainly engaged in manufacturing long steel products such as iron pellets, sponge iron, steel billets, TMT bars, structural products, wire rods, and ferro alloys. As of February 2021, the company was among the largest producers of ferro alloys in India by installed capacity and the fourth-largest sponge iron producer. It serves both domestic and international customers, including large institutional buyers, and distributes its products through a network of 42 distributors across 13 states and one union territory. The company operates three manufacturing plants located at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal, with a total installed metal capacity of 5.71 million tonnes per annum as of December 31, 2020, and plans to expand this capacity to 11.60 million tonnes per annum by 2025.