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

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

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