Shyam Sel and Power Limited, a subsidiary of Shyam Metalics and Energy Limited, has successfully commissioned an 8.90 MWp solar power project at its Jamuria, West Bengal manufacturing plant. The project comprises 4.60 MWp under CAPEX model and 4.30 MWp under OPEX model. This milestone underscores the company’s commitment to sustainable manufacturing and reducing its carbon footprint by transitioning to greener energy sources, optimizing power costs.
Shyam Sel and Power Commissions Significant Solar Project
Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metalics and Energy Limited, has announced the successful commissioning of an 8.90 MWp solar power project. The project is located at its manufacturing plant in Jamuria, West Bengal.
Key Project Details
This initiative is a significant step in the group’s strategy to adopt greener energy sources and reduce its environmental impact. The project’s total installed capacity stands at 8.90 MWp, with an execution breakdown comprising 4.60 MWp under the CAPEX model and 4.30 MWp under the OPEX model. The primary objective is captive consumption, aimed at optimizing operational power costs and supporting green energy integration.
Commitment to Sustainability
Mr. Brij Bhushan Agarwal, Chairman & Managing Director of Shyam Metalics and Energy Limited, stated, “The commissioning of the 8.90 MWp solar power capacity at Jamuria underscores our steadfast commitment to sustainable manufacturing and clean energy transition. By adopting a blended strategy of both CAPEX and OPEX models, we are effectively balancing capital efficiency with long-term cost optimization while reducing our carbon emissions.”
Company Overview
Shyam Metalics and Energy Limited is recognized as a leading and fast-growing integrated metal-producing company in India. It operates primarily in the steel industry across West Bengal, Odisha, Jharkhand, and Madhya Pradesh, with a focus on Long & Flat Steel Products, Ferro Alloys, Aluminium, and Stainless Steel. The company possesses an aggregate installed metal capacity of 16.93 MTPA and a supported captive power plant capacity of 467 MW.
Source: BSE
