Shyam Metalics Expands into Aluminium with Sambalpur Facility

25 Apr 2026 CW Team

Shyam Metalics and Energy has announced the upcoming commissioning of its aluminium flat rolled products and foil manufacturing facility in Sambalpur, Odisha, through its subsidiary Smel Steel Structural.

The facility, in an advanced stage of readiness, will produce aluminium flat rolled products (FRP) with a capacity of 60,000 tonnes per annum and aluminium foils with a capacity of 18,000 tonnes per annum, catering to a range of precision-driven applications.

The expansion marks the company’s entry into value-added aluminium products, aimed at strengthening downstream capabilities and reducing import dependence. It also supports demand across sectors requiring high-quality, engineered materials.

The company expects the project to improve operating margins by 40–50 per cent, driven by a better product mix and enhanced efficiencies. Revenue is projected to grow two to 2.5 times over the medium term, supported by expanded market reach and higher realisation products.

Strategically located, the Sambalpur facility offers logistical advantages for serving domestic and international markets while strengthening the company’s integrated manufacturing ecosystem.

Commenting on the development, Brij Bhushan Aggarwal, Chairman and Managing Director, said, “This project represents a key milestone in our journey toward building a robust downstream aluminium ecosystem. With rising demand for high-quality aluminium products, we are confident that this facility will contribute meaningfully to industrial growth while supporting local economic development.”

The project is also expected to generate employment and contribute to regional development, aligned with India’s focus on strengthening domestic manufacturing.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..