Shyam Metalics is progressing with capacity additions across steel, stainless steel and aluminium, while diversifying into railway wagon manufacturing.

Nov 2, 2026

Shyam Metalics & Energy Limited is advancing its expansion programme, with new capacities and projects across its manufacturing locations. The company has commissioned a 1.5 MTPA beneficiation plant at Sambalpur, Odisha, and an 8.90 MWp captive solar project at Jamuria, West Bengal.

In aluminium, its foil facility was commissioned in July 2026, while the flat-rolled products facility is nearing completion. The company is also expanding its stainless steel operations at Sambalpur and progressing with projects including a hot strip mill, SBQ mill and parallel flange beam facility.

In stainless steel, the company plans to increase its total capacity from 0.27 million tonnes per annum (MMTPA) to 1.60 MMTPA. The expansion includes stainless steel billet capacity rising from 0.12 MMTPA to 0.85 MMTPA and the addition of 0.60 MMTPA of stainless steel flat-product capacity. The presentation also lists 0.15 MMTPA of stainless steel products, 25,000 tonnes per annum of bright bars and 18,000 tonnes per annum of wire rods in its post-expansion capacity profile.

For carbon steel, planned additions include 1.58 MMTPA of HR coil capacity and 0.80 MMTPA of special bar quality (SBQ) products. The company’s carbon steel finished-product capacity is projected to increase from 2.47 MMTPA to 3.36 MMTPA, while intermediate product capacity is expected to rise from 6.28 MMTPA to 9.62 MMTPA.

Also Read: Shyam Metalics Plans INR 50,000 Crore Greenfield Steel Complex in Maharashtra

Additionally, Shyam Metalics is setting up a greenfield railway wagon manufacturing facility at Kharagpur, West Bengal, through Ramsarup Industries, with a planned capacity of 4,800 wagons in two phases. It has also signed an MoU with the Maharashtra government for a proposed 9 MTPA integrated steel complex in Chandrapur.