Shyam Metalics Arm SSPL Scales Up CRM Capacity; Stock in Focus
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Shyam Metalics steps up its value-added steel play with fresh capacity addition at SSPL—will this expansion drive the next leg of growth for the stock?
✨ AI Powered Summary
Shyam Metalics and Energy Ltd share price is in focus today after its step-down subsidiary, Shyam Sel and Power Ltd (SSPL), commissioned Phase II of its Cold Rolling Mill (CRM) facility for colour-coated sheets at its Jamuria plant.
The company said commercial production from the expanded unit commenced on April 16, 2026.
With the latest phase coming on stream, SSPL has added an incremental capacity of 0.15 million tonnes per annum (MTPA). The total installed capacity of the facility now stands at 0.40 MTPA, including the existing Phase I capacity of 0.25 MTPA.
The expansion is aimed at strengthening the company’s presence in the value-added steel segment, particularly in colour-coated sheets, which are widely used in Construction and infrastructure applications.
According to the Company, the enhanced capacity is expected to improve operational efficiency and broaden its product portfolio. The move forms part of its ongoing phased capacity expansion strategy.
Industry observers note that increasing capacity in downstream, value-added products could help the company improve margins and reduce exposure to volatility in commodity steel prices.
About Shyam Metalics and Energy Ltd
Shyam Metalics and Energy Ltd is an integrated metal-producing company engaged in the manufacturing of steel and allied products. Its portfolio includes pellets, sponge iron, TMT bars, long steel products and ferro alloys, along with captive power generation operations. The Company focuses on value-added steel segments and operates manufacturing facilities across India.
Shyam Metalics Share Price Performance
Shyam Metalics and Energy Ltd share price ended the session at Rs 864.00 at 3:30 pm, up Rs 2.70 or 0.31 per cent. The stock traded in a narrow range during the day, touching a high of Rs 880.00, indicating some Intraday buying interest at higher levels.
On a broader basis, the stock has delivered a modest return of 2.63 per cent on a year-to-date basis. Over the past one year, it is down 3.89 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.