Rs 10,000 crore capex planned by Shyam Metalics
Steel sector major Shyam Metalics has planned capital expenditure (capex) of Rs 10,000 crore to enhance production capacity, targeting a 2.5-fold increase in topline to Rs 40,000 crore.
The firm plans to expand its brownfield operations across West Bengal, Odisha, and Madhya Pradesh to minimize execution risks and optimize returns on capital employed. Through capex, the firm would boost production capacity to 27 million tonnes.
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