16 Oct 2025 | 5 Mins Read
Shyam Metalics targets ₹10,000 cr capex to double revenue
Flipitmoney
Shyam Metalics and Energy Ltd (SMEL) plans to invest ₹10,000 crore to reach ₹40,000 crore revenue by 2031, expanding capacity from 15 million to 27 million tonnes, with a focus on downstream integration, technology upgrades, and energy efficiency, expecting EBITDA margins to rise by 200-300 basis points and doubling export revenues to $300 million, creating 10,000 new jobs.