Shyam Metalics Sets Rs 100 bn Capex for Vision 2031 Expansion

22 Oct 2025 CW Team

Shyam Metalics and Energy Limited (SMEL), one of India’s leading integrated metal producers, has unveiled its Vision 2031, outlining plans to achieve Rs 400 billion in revenue and 2.5 times growth through strategic expansion and sustainability-led initiatives.

The plan includes Rs 100 billion in capital expenditure, largely through internal accruals, aimed at capacity expansion, technology upgradation, and downstream integration. SMEL plans to enhance its product mix across specialty steel, stainless steel, flat products, and aluminium to cater to sectors such as defence, railways, infrastructure, and engineering.

The company will expand capacity from 15 million tonnes to 27 million tonnes by 2031 through brownfield developments in West Bengal, Odisha, and Madhya Pradesh. EBITDA margins are expected to improve by 200–300 basis points, driven by operational efficiency and higher-value products.

SMEL also expects to generate 10,000 new jobs, taking total employment to about 27,500, and double exports to USD 300 million. Its ongoing mining acquisitions and European technology collaborations aim to strengthen backward integration and process innovation.

Chairman and Managing Director Brij Bhushan Agarwal said Vision 2031 reflects the company’s confidence in India’s long-term growth and commitment to sustainable, value-driven expansion aligned with the Atmanirbhar Bharat and Vision 2047 goals.

Equipment

29 Nov 2025

Powering India’s Infra Future

Excon 2025, South Asia’s largest construction equipment exhibition, is set to return in a grand 13th edition from 9-13 December 2025 at the Bangalore International Exhibition Centre (BIEC), Bengaluru. Organised by the Confederation of Indian Industry (CII) and supported by the Indian Construction Equipment Manufacturers’ Association (ICEMA), the mega event is expected to reinforce its position as the premier marketplace for construction technologies, equipment and infrastructure solutions. The event will host over 1,250 exhibitors, including 160+ international participants, and attract mor..

India will be a strategic part of our growth to 2028

Smiley Monroe is strengthening its footprint in India as a key growth market for its conveyor belts and engineered components business. In this interaction, Prabhu Gopinath, Operations Director, outlines the company’s expansion roadmap, quality focus, and sustainability commitments driving future scale.Can you share Smiley Monroe's journey and its core mission?Smiley Monroe was started in Northern Ireland in 1979, supplying conveyor belts to local quarries. Since then, the company has grown to become a global leader in the supply of endless belts and CNC-cut rubber and plastic part..

Infra Engineers India Pvt Ltd Accelerates Hybrid Excavation

Infra Engineers India Pvt Ltd (IEPL), headquartered in Chennai, has emerged as a trusted name in the used construction equipment business for nearly a decade. What sets IEPL apart is its commitment to research and development, consistently pushing the boundaries of innovation to deliver cutting-edge solutions to the industry.A first-of-its-kind hybrid excavatorAmong IEPL’s most significant achievements is the development of the pioneering Dual Electric & Diesel Hybrid Excavator—the first of its kind in the construction equipment industry, a breakthrough that even major OEMs have yet to..