Shyam steel readies to reach 1 million tonne by April 2023

27 Sep 2022 CW Team

Currently, Shyam Steel has an annual manufacturing capacity of 0.7 million tonne, which is ready to shoot up to 1 million tonne by April 2023. To achieve this objective, the company is currently investing about Rs 10 billion in its integrated facility in Mejia, Durgapur, as a brownfield investment. Additionally,it has acquired 600 acre for its greenfield factory in West Bengal, which will see an additional investment of Rs 15 billion to ramp up the production further by 0.35 million tonne per year. As he shared with the CW team, Manish Beriwala, Director, Shyam Steel, speaks about his company’s expansion plans, export ambitions and commitment towards R&D and producting quality products.

Whats is the strategy behind the Rs 25 billion in greenfield and brownfield projects? After conquering the northern belt, which parts of India do you plan to increase your footprint in?
The National Steel Policy, 2017, envisons to ramp up steel productionto reach the target of 300 MT by 2030-31.This is essentially a policy to encourage all the players in the steel industryto increase their production capacity and contribute to the achievement of the national target. Likewise, the process also aims at increasing thepresent level of per capita steel consumption in India from 74.7 to 160 kg by 2030-31.

As we have been a partner inprogress of the nation since the early 50s, we stand committed to realise Prime Minister Narendra Modi’s dream to transform India into an economic powerhouse, reduce dependency on import and achieve the goals of Atmanirbhar Bharat Abhiyan. By boosting our production capacity, we are also trying to contribute to the country’s steel requirement across different sectors,which is inline with the Prime Minister’s commitment to accelerate the pace of economic development.For us as a company, more than market penetration, it is about contributing to the national growth to the best of our capacity.

To read the full interaction, CLICK HERE.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..