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Shyam Metalics opens stainless steel HRC facility in Sambalpur · Endata

◂ Announcements

Apr 10, 2024EXPANSIONSambalpur, Odisha, India

Shyam Metalics opens stainless steel HRC facility in Sambalpur

Shyam Metalics and Energy inaugurated a stainless steel hot rolled coils facility at its Sambalpur, Odisha plant, with a capacity of 0.3 million metric tons per annum. The facility produces 200 and 400 series stainless steel HRC.

Value

$84.0M (7.00B INR)

Starts operating

10 Apr 2024

Status

Completed

Capacity

0.3 million metric tons per annum

Productsstainless steel hot rolled coils (200 and 400 series)

CompaniesShyam Metalics and Energy Ltd

Sectors#Steel and Metal Products

“We are proud to announce the establishment of our new hot rolled stainless steel coils facility at our Sambalpur, Odisha facility.”constructionweekonline.in

1 source
constructionweekonline.inShyam Metalics ventures into stainless steel flat products sector - Construction Week IndiaJayashree Kini MendesApr 10, 2024

Summarized from public sources; check the original articles before acting on it.

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Mar 21, 2024NEW FACILITYOdisha, India$54.0M1,000 jobs
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Oct 18, 2023ACQUISITIONIndia$42.2M
Shyam Sel and Power gets NCLT approval to acquire Mittal Corp for ₹351 crore
Shyam Metalics and Energy Ltd investor Mittal Corp target economictimes.indiatimes.com livelaw.in legaleraonline.com
Dec 20, 2022ACQUISITIONMadhya Pradesh, India$54.0M10,000 jobs
Shyam Metalics and Energy completes acquisition of Mittal Corp Limited
Shyam Metalics and Energy Ltd acquirer Mittal Corp target indiablooms.com cnbctv18.com
Dec 20, 2022INVESTMENTJamuria, West Bengal, India$900.0Mops 2025
Shyam Metalics plans Rs 7,500 crore investment for expansion
Shyam Metalics and Energy Ltd business-standard.com
Dec 20, 2022ACQUISITIONMadhya Pradesh, India$5.40M10,000 jobs
Shyam Metalics acquires Mittal Corp, enters stainless steel business
Shyam Metalics and Energy Ltd acquirer Mittal Corp target business-standard.com financialsamachar.com

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