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Shyam Metalics And Energy is currently trading at Rs. 343.40, up by 23.95 points or 7.50% from its previous closing of Rs. 319.45 on the BSE.

The scrip opened at Rs. 329.00 and has touched a high and low of Rs. 344.00 and Rs. 328.00 respectively. So far 48487 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 299.25 on 26-Nov-2021.

Last one week high and low of the scrip stood at Rs. 344.00 and Rs. 309.00 respectively. The current market cap of the company is Rs. 8577.09 crore.

The promoters holding in the company stood at 88.35%, while Institutions and Non-Institutions held 4.33% and 7.32% respectively.

Shyam Metalics and Energy has received ‘Consent to Operate’ (CTO) from State Pollution Control Board, Odisha to increase captive power generation at its Sambalpur unit. Following the clearances, the capacity at the unit will increase from 118 MW to 158 MW. Across its units at Sambalpur, Jamuria & Mangalpur, the aggregate capacity will grow from 227 MW to 267 MW representing a 17.6% increase. The incremental capacity is now operational.

In addition, the company has also received CTO from West Bengal Pollution Control Board for the scheduled capacity expansion at Jamuria plant. This expansion will add 0.25 million tons per annum of incremental capacity across steel products. The aggregate capacities of Sponge Iron, MS Billet & Long Products are slated to increase by 7%, 6% & 10% respectively.

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.