Date: 29th July, 2026
Plant Commissioning Details
Shyam Metalics and Energy Limited has successfully commissioned its new 1.5 MTPA (Million Tonnes Per Annum) Beneficiation Plant located in Sambalpur, Odisha. The plant represents a capital investment of ₹150 Crore and is now fully operational.
Operational Benefits
- Raw Material Optimization: The plant processes low-grade ore into high-quality feedstock for downstream operations
- Resource Efficiency: Upgrades lower-grade minerals to extend mine life and minimize waste
- Cost Reduction: Reduces reliance on costly external feedstock, creating strong cost synergies
- Margin Expansion: Significantly boosts overall operating margins through in-house processing
- Quality Improvement: Cutting-edge beneficiation technology ensures uniform, premium-grade input
- Yield Enhancement: Improves yield and throughput across manufacturing lines
Management Commentary
Mr. Brij Bhushan Agarwal, Chairman & Managing Director, stated: "Commissioning of our 1.5 MTPA facility marks a transformative milestone for Shyam Metalics. This ₹150 Crore facility is already delivering on its operational promises maximizing the value of our raw material base, lowering overall production costs, and immediately strengthening our bottom line."
Sustainability Features
The facility incorporates modern, eco-efficient beneficiation technology designed to:
- Optimize water consumption
- Optimize energy consumption
- Keep waste output to a minimum
- Support responsible resource management
- Promote sustainable industrial growth
Company Background
Shyam Metalics is a leading integrated metal-producing company primarily in the steel industry with operations in West Bengal, Odisha, Jharkhand, and Madhya Pradesh. The company focuses on Long & Flat Steel Products, Ferro Alloys, Aluminium, and Stainless Steel. The company possesses:
- Aggregate installed metal capacity: 16.93 MTPA across the steel value chain
- 467 MW aggregated installed capacity of captive power plants
- Market capitalization: more than ₹28,500 Crore
- Listed on exchanges in 2021