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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..