Shyam Metalics and Energy Limited has commissioned Phase two of its cold rolling mill facility for colour coated sheets at Jamuria in West Bengal, with commercial production commencing on 16 April 2026. The facility is operated by the wholly owned subsidiary Shyam Sel and Power Limited and represents an expansion of the company’s downstream flat steel capabilities. The commissioning follows the completion of engineering and trial runs and brings the project into production.

Phase two comprises an advanced processing dual pot GI cum Galvalume line with a capacity of zero point one five million (mn) tonne (t) per annum, enhancing product range and technical capabilities for precision applications. With this incremental capacity, the total installed CRM capacity has risen to zero point four zero million (mn) t per annum, including the existing Phase one capacity of zero point two five million (mn) t per annum. The expansion broadens the company’s range of value-added flat steel products.

The expansion positions the company to serve the solar energy sector, particularly for mounting structures that were previously import dependent, and aligns with the Government of India’s Production Linked Incentive Scheme PLI two. Management indicated that the commissioning is a strategic step to strengthen the value-added product portfolio and improve realisations, and that the phase is expected to drive a better product mix and support margin expansion. It was noted that inclusion under the PLI scheme should enhance the overall return profile and that disciplined capital allocation will guide further value accretive expansions.

The company also expects the enhanced facility to address demand in automotive and consumer durables segments and to unlock new revenue streams while supporting India’s industrial growth trajectory. The Jamuria plant in the eastern region provides logistical advantages for serving key demand centres and reducing regional supply gaps in value-added flat steel products. As of the date of the release the company reported an aggregate installed metal capacity of 16.78 million (mn) t per annum and aggregated captive power capacity of 467 megawatt (MW), and a market capitalisation of Rs 245 billion (bn).