India’s leading Metal Producer Hits 52-Week High After Aluminium Foil Plant Begins Commercial Production; Company Market Cap Approaches ₹30,000 Crore

Shyam Metalics and Energy Ltd. shares rose around 2 per cent on July 16, 2026, after the company announced the commencement of commercial production at its aluminium foil manufacturing facility in Sambalpur, Odisha. The stock was trading at Rs 1,054.80 at 12:00 PM after touching an intraday and 52-week high of Rs 1,059.00, taking the company’s market capitalisation close to the Rs 30,000 crore mark.

Trading volume stood at 3.48 lakh shares compared with the 30-day average volume of 5.78 lakh shares, reflecting investor interest following the operational update.

The newly commissioned aluminium foil facility has an installed capacity of 18,000 tonnes per annum and produces premium-grade aluminium foils with thickness ranging from 6 to 40 microns. The plant has been set up by the company's step-down subsidiary, SMEL Steel Structural Pvt. Ltd., and forms part of Shyam Metalics' larger Rs 800 crore aluminium expansion project at Sambalpur.

The company is also nearing completion of its Aluminium Flat Rolled Products (FRP) facility at the same location. The plant, with an installed capacity of 60,000 tonnes per annum, is expected to commence commercial production by September 2026. It will manufacture products with thickness ranging from 0.3 mm to 4.0 mm and cater to industries including packaging, automotive, Aerospace and electrical equipment.

With both facilities becoming operational, Shyam Metalics aims to strengthen its presence in value-added aluminium products. The company expects the expansion to diversify its product portfolio beyond its traditional steel and ferro alloys business while improving profitability through higher-value downstream products.

According to the company's press release, the aluminium expansion is expected to increase operating margins by around 40-50 per cent through an improved product mix and better realisations. It has also projected revenue growth of two to 2.5 times as it expands its presence in domestic and international markets. These projections are based on the company's estimates and remain subject to execution and market conditions.

Commenting on the development, Chairman and Managing Director Brij Bhushan Agarwal said the commissioning of the aluminium foil plant marks an important milestone in the company's strategy to build a world-class downstream aluminium business. He added that the upcoming FRP facility is expected to be commissioned by the end of September 2026 and will further strengthen the company's growth platform.

Shyam Metalics is one of India's leading integrated metal producers with an aggregate installed metal capacity of 16.78 million tonnes per annum. The company operates manufacturing facilities across West Bengal, Odisha, Jharkhand and Madhya Pradesh and has a captive power generation capacity of 467 MW. It has been listed on the BSE and NSE since 2021 and has a market capitalisation of more than Rs 29,000 crore.

The successful commissioning of the aluminium foil plant marks another step in Shyam Metalics' diversification strategy. While the new facilities have the potential to improve margins and expand revenue, investors will closely monitor capacity utilisation, execution and financial performance in the coming quarters to assess the project's long-term impact.

Disclaimer: The article is for informational purposes only and not investment advice.