# Shyam Metalics plans ₹2,700 crore stainless steel expansion in Odisha

Shyam Metalics announced a ₹2,700 crore stainless steel expansion in Odisha, India, with downstream processing, targeting commissioning by March 2029.

- Type: Expansion
- Announced: 2026-11-07
- Where: Odisha, India, India
- Value: $324.0M (27.0B INR)
- Starts operating: Mar 2029
- Status: announced
- Products: stainless steel
- 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

- [news.tulsian.ai](https://news.tulsian.ai/news/company-results/shyam-metalics-q2-fy27-revenue-up-33-4-yoy.html), 2026-11-07: "₹2,700 crores stainless steel expansion in Odisha with downstream processing (target commissioning March 2029)"

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