# Shyam Metalics allocates ₹2,960 crore to scale up steel and ferro alloy production

Shyam Metalics and Energy Ltd has earmarked a capex of ₹2,960 crore over two to three years to expand integrated production capacities of steel and ferro alloys from 5.71 mtpa to 11.54 mtpa, and add 130 MW captive power capacity. The expansion also includes a foray into aluminium foil production.

- Type: Expansion
- Announced: 2021-09-27
- Where: Sambalpur, Odisha; Jamuria and Mangalpur, West Bengal, India
- Value: $398.0M (29.6B INR)
- Starts operating: 2025
- Status: announced
- Capacity: 11.54 mtpa steel and ferro alloys (from 5.71 mtpa); 130 MW captive power
- Products: steel, ferro alloys, aluminium foils
- 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

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/shyam-metalics-and-energy-ltd-allocates-2960-crore-to-scale-up-production/article36692880.ece), 2021-09-27: "The company has earmarked a total capex of ₹2,960 crore over the next two-to-three years to scale up its integrated production capacities of steel and ferro alloys to 11.54 million tonne per annum."

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