Shyam Metalics to Invest Rs 50 bn in Bengal for National Expansion

09 Jul 2024 CW Team

City-based Shyam Metalics & Energy plans to invest over Rs 50 billion in Bengal over the next three to five years as part of its national expansion strategy to become a prominent metal conglomerate from the East.

Unlike the traditional approach of focusing on a single line of business within the diverse metal sector, Shyam Metalics aims to expand simultaneously in carbon steel, stainless steel, and aluminium foil. The majority of this expansion will occur in Bengal?s Jamuria near Asansol and Kharagpur, but the company will also extend its presence to Odisha and Madhya Pradesh, requiring an additional Rs 30 billion investment.

Brij Bhushan Agarwal, the vice-chairman and managing director of the company, described their business as a "FMCG basket of metals," which includes carbon steel, stainless steel, aluminium foil, ferro chrome, and captive power. Agarwal expressed his ambition to establish Shyam Metalics as a leading metal conglomerate from the East.

In the last two to three years, the company has already invested close to Rs 45 billion in Bengal, and its commitment to the state is set to increase. A significant aspect of Shyam?s investment is the revival of Ramsarup Industries, which suffered after the financial crisis of Lehman Brothers in 2008. Shyam acquired the struggling company through a joint venture from the bankruptcy court in 2022.

Currently, Shyam Metalics is investing Rs 20 billion in Kharagpur, where Ramsarup?s 350-acre plot plant is located. The plans for this site include building a blast furnace and setting up a ductile iron (DI) pipe plant.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..