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Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power.
Shyam Metalics delivered robust August sales. Stainless Steel volumes surged 16% YoY, with realizations up 45%. Carbon Steel (Flat) volumes skyrocketed an impressive 114% YoY. The newly commissioned Aluminium Foil plant also achieved stable operations. Most segments showed strong volume and realization growth trends.
Shyam Metalics posted robust sales for July. Stainless Steel volumes jumped 12.9% YoY with realizations up 36.1%. Pellet volumes soared 87.6% YoY. CR Coil/Sheets and HR Tube/Pipe showed substantial YoY volume gains, benefiting from recently stabilized capacities. Sponge Iron volumes, however, saw a decline.
Shyam Metalics reported strong June sales: Pig Iron volumes surged 156.5% YoY, Pellet 92.3% YoY, and CR Coil/Sheets 53.5% YoY. Aluminium Foil saw 20.7% volume and 39.3% realization growth YoY. Management confirms CR Coil and Pig Iron facilities have stabilized operations, enhancing production.
SMEL has acquired a 26% stake in Emerge Green Power Private Limited (EGPPL) for ₹0.75 Cr, making EGPPL an Associate Company. EGPPL is a newly incorporated solar power generation company aiming to set up a captive power plant. **The Issue & SMEL's Response:** High energy costs and the drive for...
Shyam Metalics And Energy Limited has informed the Exchange regarding Monthly Business Updates for the month of May 2026