Shyam Metalics commissions production capacity in Odisha; Stock up ~1.5%

The company’s wholly-owned subsidiary Shyam Sel & Power also commissions additional capacities at West Bengal and are ready for commercial production.

March 09, 2022 9:30 IST | India Infoline News Service
Shyam Metalics and Energy Limited has commissioned production capacities at Sambalpur, Odisha. The pellet plant will have additional capacity of 6,00,000 TPA.

The company's Wholly Owned Subsidiary i.e., Shyam Sel & Power Ltd has also commissioned 6,00,000 TPA pellet plant and 3,20,000 TPA Sponge at Jamuria, West Bengal. The company subsidiary has also commissioned 30000 TPA Aluminium Foil at Pakuria, West Bengal.

All the plants are ready for commercial production, the company said in a filing on Tuesday.

At around 9.31 am, Shyam Metalics & Energy Ltd was trading at Rs314.45 per piece up by Rs4.35 or 1.4% from its previous closing of Rs310.10 per piece on the BSE.

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