# Shyam Metalics announces ₹100B Vision 2031 expansion plan

Shyam Metalics & Energy Limited announced its Vision 2031 strategy, targeting 2.5x revenue growth to ₹400 billion by 2031, with a ₹100 billion investment to increase aggregate capacity from 15 million tons to 27 million tons across West Bengal, Odisha, and Madhya Pradesh.

- Type: Investment
- Announced: 2025-10-16
- Where: India
- Value: $1.20B (100.0B INR)
- Jobs: 10,000
- Status: announced
- Capacity: 27 million tons per year
- Products: specialty steel, stainless steel, flat products, aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Shyam Metalics and Energy Ltd](https://endata.com/companies/57960.md)

## Sources

- [scanx.trade](https://scanx.trade/stock-market-news/corporate-actions/shyam-metalics-launches-phase-i-of-greenfield-cold-rolling-mill-in-west-bengal/22146850), 2025-10-16: "Shyam Metalics & Energy Limited (SMEL) has announced its Vision 2031 strategy, targeting a 2.5x revenue growth to ₹ 400 billion by 2031."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.