Shyam Metalics announced a ₹2,700 crore expansion plan to be funded by internal accruals for higher-margin products.
The investment includes an 800,000 TPA SBQ mill and stainless steel downstream capacity enhancements.
This is in addition to an existing ₹16,060 crore capex pipeline, with ₹8,700 crore already deployed.
The expansion aims to increase value-added product share and improve blended margins, targeting commissioning by 2029.