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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