Shyam Metalics commissions production capacity at its subsidiary

Shyam Metalics & Energy Ltd has informed that production capacity has been commissioned at the Jamuria location of its Material Wholly Owned Subsidiary i.e., Shyam Sel & Power Ltd and is ready for commercial production with immediate effect.

As per the filing, the existing capacity is 543840 TPA and the additional capacity is 291360 TPA, the company informed.

On Friday, at around 10:41 AM, Shyam Metalics & Energy Ltd is currently trading at Rs302.30 per share down by Rs1.95 or 0.64% from its previous closing of Rs304.25 per share on the BSE.

The scrip opened at Rs303.80 per share and has touched a high and low of Rs306.20 per share and Rs301.80 per share respectively so far today. The current market cap of the company is Rs7,760.83 crore.

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