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 Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

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