Shyam Metalics launches Cold Rolling Mill in Jamuria, West Bengal, with 400,000 tonne annual capacity.
Shyam Metalics and Energy Ltd. has launched Phase-I operations of its new Cold Rolling Mill in Jamuria, West Bengal, with an annual capacity of 400,000 tonnes. This ₹603-crore project aims to enhance the company's product range, focusing on pre-painted galvalume and galvanized steel coils. The mill is expected to contribute 8-10% of revenue within two years and support affordable housing initiatives. Shares surged to an all-time high post-announcement, reflecting strong market interest.
September 16, 2024
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