Event Summary
Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metalics and Energy Limited, has successfully commissioned an 8.90 MWp Solar Power Project at its manufacturing plant located in Jamuria, West Bengal.
Project Key Highlights
- Total Installed Capacity: 8.90 MWp
- Execution Model Breakdown:
- CAPEX Model: 4.60 MWp
- OPEX Model: 4.30 MWp
- Location: Jamuria, West Bengal
- Primary Objective: Captive consumption for operational power cost optimization and green energy integration
Management Commentary
Mr. Brij Bhushan Agarwal, Chairman & Managing Director of Shyam Metalics and Energy Limited, stated: "The commissioning of the 8.90 MWp solar power capacity at Jamuria underscores our steadfast commitment to sustainable manufacturing and clean energy transition. By adopting a blended strategy of both CAPEX and OPEX models, we are effectively balancing capital efficiency with long-term cost optimization while reducing our carbon emissions."
Company Background Information
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 got listed on exchanges in 2021 and possesses a market capitalization of more than ₹28,500 crore. The company has an aggregate installed metal capacity of 16.93 MTPA across the steel value chain and is supported by a 467 MW aggregated installed capacity of captive power plants.
Investor Relations Advisers
Ernst & Young LLP
- Diwakar Pingle, Head – Investor Relation Advisory (Diwakar.Pingle@in.ey.com)
- Binay Sarda, Vice – President (Binay.sarda@in.ey.com)