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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

01 Jul 2026

Cascades Neopolis Partners With Spa L’Occitane

GHR Lakshmi Urbanblocks Infra LLP has partnered with Spa L’Occitane en Provence for The Cascades Neopolis, its Rs 31.69 billion residential project in Hyderabad. The collaboration will bring a Provençal-inspired better-being sanctuary to future residents, combining the wellness heritage of Haute-Provence with contemporary urban living.The Spa L’Occitane en Provence facility will be operated in India by Sanghvi Brands Limited, in line with the Maison’s global standards. The spa is planned as a restorative space within the 63-storey, 217-metre-tall residential development, equivalent to a..

Infrastructure Urban

01 Jul 2026

Vedanta Metal Bazaar Simplifies MSME Metal Buying

Vedanta Metal Bazaar, Vedanta Group’s non-ferrous metals e-store, is supporting MSMEs by bringing procurement, pricing, financing, logistics and technical assistance onto a single digital platform. The platform aims to make metal buying more transparent, efficient and accessible for smaller manufacturers.In FY26, around 600 customers placed over 30,000 orders worth nearly USD 5 billion through the e-store. More than 450 MSMEs used the platform for metal procurement, generating nearly USD 440 million in transaction value. The platform also facilitated over Rs 16 billion in channel financing f..

Infrastructure Urban

01 Jul 2026

Merlinhawk Opens Composites Facility in Tamil Nadu

Merlinhawk Aerospace , in partnership with Italy-based Vega Composites, recently inaugurated its advanced composites manufacturing facility, Merlinhawk Composites & Engineering, at Shoolagiri in the Tamil Nadu Defence Industrial Corridor. The facility marks a key step in strengthening India’s position as a globally competitive aerospace manufacturing hub.The facility was inaugurated by Admiral Dinesh K Tripathi, PVSM, AVSM, NM, Former Chief of Naval Staff, in the presence of senior industry leaders, global partners and stakeholders from India’s defence and manufacturing ecosystem. The ..