Shyam Metalics subsidiary to commence production at new aluminium flat rolled products and foil manufacturing facility in Sambalpur, Odisha.
Facility has 60,000 TPA FRP capacity and 18,000 TPA foil capacity, expected to improve operating margins by 40-50%.
Project anticipated to double revenue in medium term and strengthen India's downstream metal manufacturing capabilities.
Strategic location provides logistical advantages for domestic and international market distribution.