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

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..