Shyam Metalics and Energy Limited reports PAT of Rs. 1,029 Cr despite lower realizations with 21.9% growth

 https://youtube.com/shorts/Ua5K-YM2R0c?si=esdDBWFZB7DOlhGU


  • Shyam Metalics and Energy Limited (SMEL), a leading  multi-metal conglomerate with footprints in carbon steel, stainless steel, speciality alloys and aluminum foil along with captive power plant
  • Shyam Metalics and Energy Limited reports PAT of Rs. 1,029 Cr despite lower realizations with 21.9% growth 
  • Announces expansion into Stainless Steel and Aluminium products 
  • The company is net cash positive of Rs. 1,514 crores as on 31st March 2024
  • In enhancing capacities further, the board has approved expansion plans into new metals - Stainless Steel Wire Rods & Stainless Steel Bright Bars and Aluminium Foil with total investments of Rs. 810 crores which will be funded through internal accruals. 
  • This would further boost revenues and margins in forthcoming years.

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