Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore expenditure plan to more than double its revenue to INR 40,000 crore under its ‘Vision 2031’ strategy.
Oct 17, 2025
Shyam Metalics and Energy (SMEL) has announced a INR 10,000 crore capital expenditure plan to more than double its revenue to INR 40,000 crore under its ‘Vision 2031.’
The company aims to increase its production capacity from 15 million tonnes to 27 million tonnes within seven years. The investment will focus on expanding specialty steel, stainless steel, flat products, and aluminium segments, with emphasis on downstream integration, technology upgrades, and energy efficiency improvements.
The company targets strengthening its foothold in high-value sectors such as defence, infrastructure, engineering, and railways. Additionally, the expansion plan will generate around 10,000 new employment, and double export revenues to USD 300 million.
