Shyam Metalics and Energy Limited (SMEL) has announced its Vision 2031, targeting 2.5x revenue growth to ₹400bn and ₹100bn capex. The plan includes expanding into downstream segments, increasing capacity to 27mn tons, and improving EBITDA margins by 200-300 basis points. SMEL aims to create over 10,000 new jobs and double export revenues to US$ 300mn by 2031.
Vision 2031 Overview
Shyam Metalics and Energy Limited (SMEL) announced its Vision 2031, a strategy to drive scale, value, and sustainability. The plan is anchored on sustainable, value-driven, and capital-efficient growth. SMEL plans to strengthen its integrated business model by expanding across downstream and high value-added segments.
Key Objectives
The company is targeting a 2.5x increase in topline to reach ₹400bn by 2031, driven by capacity expansion, product mix enhancement, and export diversification. The company aims to expand its aggregate capacity from 15mn tons to 27mn tons, covering intermediate and finished products. SMEL anticipates 200-300 basis points EBITDA margin improvement. The growth program is expected to create over 10,000 new direct and indirect jobs, taking total employment to around 27,500, while also doubling export revenues from US$ 150mn to US$ 300mn.
Expansion and Investment
SMEL has earmarked ₹100bn in capital expenditure to execute Vision 2031. The investment will be directed towards technology upgradation, process innovation, energy efficiency, and downstream integration.
Strategic Focus
SMEL plans to achieve 6.5x of its current flat product capacity in stainless steel, targeting high-demand downstream applications. The company recently secured iron ore mining assets in Maharashtra. SMEL stands as India’s largest specialty aluminum foil manufacturer, the second-largest coal-based DRI producer, and one of the few players with an integrated ferrous and non-ferrous portfolio.
Source: BSE
