Kolkata, Oct 17: Shyam Metalics and Energy Ltd (SMEL), one of India’s leading integrated metal producers, has announced a bold and forward-looking growth blueprint for 2031. The company plans a Rs10,000 crore capital expenditure to significantly boost production capacity and drive topline growth to Rs 40,000 crore — a 2.5-fold increase from current levels, officials said on Friday.

Capacity Expansion Across Key States

The expansion will be executed through brownfield projects in West Bengal, Odisha, and Madhya Pradesh. This approach is designed to minimize execution risks while maximizing returns on capital employed. The SMEL aims to scale its aggregate production capacity from 15 million tonnes to 27 million tonnes by 2031.

Focus on High-Value Segments

The Kolkata based company’s growth will be fueled by increased output in speciality steel, stainless steel, flat products, and aluminium. A sharp focus on downstream integration and high-value applications in sectors such as defence, railways, engineering, and real estate will further strengthen its market position.

Sustainable and Strategic Growth

SMEL’s Rs10,000 crore investment will be largely funded through internal accruals, reflecting strong financial discipline. The company also aims to double its export revenue, supported by technology upgrades and energy-efficient production practices.

Also Read: 'Monumental Day': Gautam Adani On Building India’s Largest AI Data Centre Campus With Google

Senior Executives at Shyam Metalics expressed confidence in the Vision 2031 roadmap, highlighting its alignment with national infrastructure goals and the Make in India initiative. The announcement has already sparked positive investor sentiment, with shares seeing a modest uptick following the news.

With this strategic blueprint, Shyam Metalics is poised to become a dominant force in India’s metal and energy sector, driving innovation, sustainability, and economic growth.

Argus English | argus english | Odisha Latest News, Breaking News, Trending News, Live TV