# Shyam Metalics plans INR 450 Cr greenfield aluminium project in Odisha

Shyam Metalics and Energy announced plans to invest INR 450 crore to set up a greenfield aluminium project in Odisha, India, with an annual capacity of 60,000 metric tonnes of aluminium flat-rolled products. The project is expected to create nearly 1,000 jobs.

- Type: New facility
- Announced: 2024-03-21
- Where: Odisha, India
- Value: $54.0M (4.50B INR)
- Jobs: 1,000
- Status: announced
- Capacity: 60,000 metric tonnes per year
- Products: aluminium flat-rolled products, battery foil
- 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

- [biltraxmedia.com](https://www.biltraxmedia.com/shyam-metalics-to-invest-inr-450-crore-for-aluminium-project-in-odisha/), 2024-03-22: "Shyam Metalics and Energy, on Thursday, March 21, announced its plans to invest an estimated INR 450 Crore towards setting up a greenfield aluminium project in Odisha."

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