Corporate News 27-Jul-23
Board of Shyam Metalics & Energy approves capex of Rs 3915 cr
At meeting held on 27 July 2023
The Board of Shyam Metalics & Energy at its meeting held on 27 July 2023 has approved Company's further planning to enhance their integrated capacity from 16.94 MTPA to 23.65 MTPA, out of which the company's present finished steel capacity of 2.69 MTPA (Including expansion of announced projects) shall be enhanced to 4.4 MTPA with captive power plant from 377 MW to 597 MW and renewable portfolio to be enhanced from existing 9.1 MW to 109.1 MW with a capex cost of Rs. 3915 crore in states of Orissa and West Bengal in phases which will be implemented in Company and their wholly owned step-down subsidiaries to expand the scope of its business in near. future.
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