Shyam Metalics expands into aluminium flat-rolled products
Steel

Shyam Metalics expands into aluminium flat-rolled products

Shyam Metalics & Energy declared its ambitious venture into a greenfield expansion project concentrating on aluminium flat-rolled products. The group revealed its intention to invest Rs 4.5 billion in the project.

It was stated that the investment was targeted towards expanding the group's capacity, while also aiming to generate employment for approximately 1000 individuals, both directly and indirectly. Additionally, it was mentioned that the investment would lead to increased manufacturing of aluminium flat rolled products, with the purpose of bridging the gap between demand and supply. This move would render Shyam Metalics group self-reliant for the raw materials necessary for its aluminium foil business. It was further noted that the plant was to be established in Odisha.

The speaker conveyed that Shyam Metalics & Energy had announced its ambitious venture into a greenfield expansion project focusing on aluminium flat-rolled products. The group had indicated its intention to invest Rs 4.5 billion in the project.

It was communicated that the investment was targeted at expanding the group's capacity, with the aim of generating employment for approximately 1000 individuals, both directly and indirectly. Furthermore, it was stated that the investment would result in increased manufacturing of aluminium flat rolled products, with the goal of bridging the gap between demand and supply. This move would make Shyam Metalics group self-reliant for the raw materials necessary for its aluminium foil business. It was also conveyed that the plant was to be established in Odisha.

Shyam Metalics & Energy declared its ambitious venture into a greenfield expansion project concentrating on aluminium flat-rolled products. The group revealed its intention to invest Rs 4.5 billion in the project. It was stated that the investment was targeted towards expanding the group's capacity, while also aiming to generate employment for approximately 1000 individuals, both directly and indirectly. Additionally, it was mentioned that the investment would lead to increased manufacturing of aluminium flat rolled products, with the purpose of bridging the gap between demand and supply. This move would render Shyam Metalics group self-reliant for the raw materials necessary for its aluminium foil business. It was further noted that the plant was to be established in Odisha. The speaker conveyed that Shyam Metalics & Energy had announced its ambitious venture into a greenfield expansion project focusing on aluminium flat-rolled products. The group had indicated its intention to invest Rs 4.5 billion in the project. It was communicated that the investment was targeted at expanding the group's capacity, with the aim of generating employment for approximately 1000 individuals, both directly and indirectly. Furthermore, it was stated that the investment would result in increased manufacturing of aluminium flat rolled products, with the goal of bridging the gap between demand and supply. This move would make Shyam Metalics group self-reliant for the raw materials necessary for its aluminium foil business. It was also conveyed that the plant was to be established in Odisha.

Next Story
Infrastructure Urban

Suez Canal Economic Zone Expansion Plans

The Suez Canal Economic Zone (SCZone) is poised for significant expansion, according to the chairman of the Suez Canal Authority. This rapid growth aims to position the region as a global logistics and manufacturing hub. The expansion plan focuses on enhancing infrastructure, increasing industrial capacity, and attracting international investments.The SCZone will see new industrial parks and facilities, designed to support various sectors including manufacturing, logistics, and trade. With its strategic location linking Europe, Africa, and Asia, the zone has already attracted significant inter..

Next Story
Infrastructure Urban

SC ruling empowers MSME promoters to submit resolution plans under IBC

In a landmark judgment, the Supreme Court has clarified the applicability of Sections 29A and 240A of the Insolvency and Bankruptcy Code (IBC), providing a significant boost to Micro, Small, and Medium Enterprises (MSMEs) facing insolvency.The Court ruled that the eligibility for MSME promoters to submit resolution plans under Section 240A should be determined by the date of submission of the resolution plan, rather than the commencement of the Corporate Insolvency Resolution Process (CIRP). This decision overturns a previous ruling by the National Company Law Appellate Tribunal (NCLAT), which..

Next Story
Infrastructure Energy

TNPDC hesitant to install prepaid meters

While the Tamil Nadu Power Distribution Company (TNPDC) remains hesitant to implement prepaid smart meters, many consumers have expressed support for the idea. The Union Power Ministry has recommended TNPDC consider adopting prepaid meters to offer consumers greater flexibility and convenience.In a recent meeting, Union Minister for Power and Urban Affairs, Manohar Lal, urged TNPDC officials to explore both prepaid and postpaid options, suggesting special benefits for those who opt for prepaid meters. Tamil Nadu’s Electricity Minister, V. Senthil Balaji, highlighted the state's current posit..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000