Shyam Metalics and Energy Limited has successfully commissioned the Phase II of its Cold Rolling Mill (CRM) facility at Jamuria, West Bengal. This expansion, featuring a 0.15 MTPA capacity Dual Pot GI cum Galvalume line, brings the facility’s total installed capacity to 0.40 MTPA. The move strengthens the company’s value-added steel portfolio and enhances its ability to serve high-growth sectors including solar energy, automotive, and consumer durables.
Strategic Expansion of Value-Added Portfolio
Shyam Metalics and Energy Limited has announced the commencement of commercial production at its new Phase II CRM facility as of April 16, 2026. This project marks a significant milestone in the company’s efforts to diversify its product range and bolster its downstream capabilities. With the addition of the new 0.15 MTPA production line, the total capacity of the Jamuria plant’s CRM facility has increased to 0.40 MTPA, solidifying the company’s position in the high-margin, value-added steel market.
Targeting High-Growth Sectors
The newly commissioned infrastructure allows Shyam Metalics to effectively enter the solar energy sector, specifically by producing mounting structures for solar panels—a segment that previously relied heavily on imports. Beyond renewable energy, the increased capacity will cater to the rising demand for high-quality, precision-engineered steel in the automotive and consumer durables industries. This shift is expected to enhance overall realizations and improve the company’s product mix.
Commitment to Domestic Manufacturing
The facility’s expansion aligns with the government’s Production Linked Incentive (PLI) Scheme, underscoring the company’s commitment to bolstering domestic manufacturing and reducing import dependency. Strategically located in the eastern region, the facility provides logistical advantages to serve key demand centers efficiently. Management expects this expansion to contribute meaningfully to incremental EBITDA in the medium term, with an optimal ramp-up projected within the next 10 to 12 months.
Source: BSE
