Shyam Metalics and Energy Raises CRM Capacity to 0.40 MTPA, Targets Solar Sector

Shyam Metalics and Energy Ltd. has commissioned Phase II of its Cold Rolling Mill (CRM) facility for colour-coated sheets at its Jamuria plant in West Bengal, marking a significant expansion in its value-added steel portfolio.

The facility, operated through its wholly owned subsidiary Shyam Sel and Power Ltd., has commenced commercial production. The newly commissioned Phase II includes a Dual Pot GI-cum-Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA). With this addition, the company’s total CRM capacity has increased to 0.40 MTPA from 0.25 MTPA under Phase I. The expansion enhances the company’s capability to produce high-quality, precision-engineered steel products.

With the expanded capacity, Shyam Metalics is now better positioned to serve the solar energy sector, particularly in manufacturing mounting structures for solar panels, an area that has largely depended on imports. The development aligns with India’s push for self-reliance in manufacturing and supports domestic supply chains.

The project is also aligned with the Government of India’s Production Linked Incentive (PLI) Scheme 2, aimed at promoting advanced manufacturing and reducing import dependency. Beyond renewable energy, the facility will cater to growing demand from sectors such as automotive and consumer durables, where high-grade steel products are increasingly required.

The expansion strengthens the company’s downstream integration and product diversification strategy, enabling it to tap into higher-margin segments and unlock new revenue streams. Located in eastern India, the Jamuria facility offers logistical advantages for serving key demand centres while addressing regional supply gaps in value-added flat steel products.

Commenting on the development, Chairman and Managing Director Brij Bhushan Agarwal said that the commissioning of Phase II is a strategic move to enhance the company’s value-added product portfolio and improve realisations. He added that the expansion is expected to support margin growth, improve product mix, and contribute to incremental EBITDA over the medium term, with optimal ramp-up anticipated within 10 to 12 months.