Shyam Steel plans to invest Rs 25 billion in Brownfield and Greenfield projects

03 Oct 2022 Editorial Team

Read full article

CW Gold Benefits

Weekly Industry Updates
Industry Feature Stories
Premium Newsletter Access
Building Material Prices (weekly) + trends/analysis
Best Stories from our sister publications - Indian Cement Review, Equipment India, Infrastructure Today
Sector focused Research Reports

Sector Wise Updates (infrastructure, cement, equipment & construction) + trend analysis
Exclusive text & video interviews
Digital Delivery
Financial Data for publically listed companies + Analysis
Preconceptual Projects in the pipeline PAN India

Shyam Steel is planning to expand its retail operations across North India, which will include the states of Delhi, Punjab, Haryana, Jammu & Kashmir, Himachal Pradesh, Rajasthan, and the NCR region. The company plans to undertake investments of around Rs 25 billion in brownfield and greenfield projects to expand its production capacity. North India has huge growth potential for the steel sector, and Shyam Steel will aim to be one of the leaders in the primary TMT bar segment across the region. Commenting on the development, Lalit Beriwala, Director, Shyam Steel Manufacturing, said, “We are on a major expansion drive to revamp our retail business operations across North India. We will be expanding our dealer distribution network across Delhi, Punjab, Haryana, Jammu & Kashmir, Himachal Pradesh, Rajasthan, and the NCR region. We are also looking to expand our production capacity from 0.7 million tonne a year to 1.35 million tonne a year in the next four years’ time to cater to the demands in the North India market.” The company plans to obtain around 250 dealers in each of the above-mentioned states of North India in the next year. The company plans to generate employment for around 200 to 300 people in each of the states, which will benefit more than 1,000 families. The company is currently undertaking major brownfield investments of around Rs 10 billion in their integrated steel plant in Mejia, Durgapur. The expansion work for the plant will be completed by April 2023. Shyam Steel is planning to invest another Rs 15 billion in its greenfield plant in West Bengal. The company has already acquired 600 acre in Raghunathpur, Purulia, and the work for the project will commence shortly. The plant will have a production capacity of 0.35 million tonne per year and it will be fully operational by September 2025. The company reported a turnover of Rs 45 billion in the last fiscal year and will be looking to double it to Rs 90 billion in the next three years.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..