Shyam Metalics and Energy Ltd, India’s leading and fastest-growing metals manufacturing company, proudly announces the commencement of operations at the recently acquired Ramsarup plant. The acquisition, made indirectly through its wholly owned subsidiary, Shyam Sel and Power Limited in May 2022, marks a significant milestone in the company’s expansion strategy.
The operational commencement is projected to generate approximately 2000 direct and indirect job opportunities in the industrial belt of Kharagpur, reflecting Shyam Metalics’ commitment to driving socio-economic development in the region. Leveraging strategic integration and operational excellence, Shyam Metalics aims to enhance Ramsarup plant’s manufacturing capabilities, fostering growth and innovation in the steel sector.
Ramsarup plant boasts advanced infrastructure, including a Direct Reduced Iron (DRI) unit with a production capacity of 150,000 Tonnes Per Annum (TPA), complemented by an integrated Captive Power Plant (CPP) unit capable of producing 20 Megawatts (MW) of power. Shyam Metalics Group’s expertise and resources are poised to optimize these facilities, driving productivity and sustainable growth.
The revival of operations at Ramsarup plant underscores Shyam Metalics’ dedication to balancing the demand-supply ratio while ensuring top-notch quality products.
About Shyam Metalics and Energy Ltd
Shyam Metalics Group is a leading integrated multi-metal conglomerate based in India, primarily operating in the steel industry across West Bengal, Odisha, and Madhya Pradesh. With footprints in Carbon Steel, Stainless Steel, Specialty Alloys & Aluminium Foils, along with Captive Power Plant & Renewable Energy, the company is amongst the largest producers of ferro alloys in India. Spearheaded by Mr. B. Bhushan, the company strives to deliver unparalleled quality through customized value-added solutions to meet business requirements. Headquartered in Kolkata, West Bengal, the company got listed on the Stock Exchanges in 2021 and possesses a market capitalization of more than Rs. 16000 Crores.
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