According to Beriwala, the expansion would lead to a consolidated capacity of 4.03 million tonnes per annum (MTPA), including finished steel of 1.36 MTPA. Shyam Steel, currently with a turnover of Rs 6,000 crore, aims to enhance its position in the steel industry. The group anticipates achieving a turnover of Rs 9,000-10,000 crore in the next 2-3 years, driven by government-backed infrastructure initiatives.

The newly inaugurated steel facility is expected to empower the company to manufacture high-quality steel products to meet the rising demands in both domestic and international markets, as stated by the official.