# Shyam Metalics plans 9 MTPA Maharashtra steel complex

Shyam Metalics & Energy outlined plans for a 9 MTPA steel complex in Maharashtra, and a 51% stake in Alom Solar, with INR360 crores capex for the acquisition.

- Type: Investment
- Announced: 2026-11-07
- Where: Maharashtra, India
- Status: announced
- Capacity: 9 MTPA
- Products: steel, stainless steel, special bar quality (SBQ)
- 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)
- [Alom Solar Private Limited](https://endata.com/companies/95283.md) (target)

## Sources

- [stockfin.ai](https://www.stockfin.ai/news/SHYAMMETL/2026-11-07/announcement), 2026-11-07: "Chairman Brij Bhushan Agarwal outlined strategic investments in downstream steel, stainless steel, aluminum, and coal, including a 51% stake in Alom Solar and plans for a 9 MTPA Maharashtra steel complex."

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