Shyam Metalics plans expansion, to invest Rs 2,700 crores
Integrated metal producer Shyam Metalics is looking to expand its business. The firm plans to invest Rs 2,700 crore in this expansion plan, aiming to strengthen specialty steel and stainless steel production while improving long-term profitability.
The investment will be fully funded through internal accruals and is in addition to the Rs 16,060 crore capex pipeline announced by the firm earlier.