Shyam Metalics implements 1.2 MT of Pellet Capacity 8 Months ahead of Schedule

 Shyam Metalics implements 1.2 MT of Pellet Capacity 8 Months ahead of Schedule

  • Shyam Metalics and Energy Limited (SMEL), a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys, has started the new year on a positive note receiving Consent to Operate (CTO) from the Orissa State Government. 
  • In its growth plans, the company had envisaged a capex of Rs. 360 Crores to increase the capacity of iron pellet production from 3.6 MTPA to 6 MTPA. 
  • Will boost the existing capacity at Sambalpur plant by 1.2 MT, bringing the total capacity at Sambalpur to 3 MTPA and overall Pellet Capacity for the Company at 4.8 MTPA. Once again, the company is proud to report early implementation. 
  • This expansion at Sambalpur was slated to be completed by September 2023, has come through Eight (8) months ahead of schedule. This has resulted 40% additional capacity in the plant for producing Pellets. 
  • Commenting on the developments, Mr Bhushan Agarwal, Managing Director said, “The key to deliver on our promised growth plans is our focus on timely implementation coupled with strong execution. 
  • We are happy to have completed a large project much earlier than the proposed timeline. This will enable us to efficiently cater to the increasing demand for our products. 
  • We have now completed and implemented nearly 57% of the proposed expansion capacities. We look forward to continue to maintain our track record on timely delivery and generate enhanced value for stakeholders.”   

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