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.

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