IGI Logo

Shyam Metalics And Energy is currently trading at Rs. 909.05, up by 3.05 points or 0.34% from its previous closing of Rs. 906.00 on the BSE.

The scrip opened at Rs. 915.00 and has touched a high and low of Rs. 916.90 and Rs. 900.00 respectively. So far 12514 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 956.05 on 24-Sep-2024 and a 52 week low of Rs. 516.15 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 950.90 and Rs. 889.05 respectively. The current market cap of the company is Rs. 25243.29 crore.

The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 11.42% and 13.99% respectively.

Shyam Metalics and Energy is all set to enter into the wagon manufacturing segment with a state-of-the-art greenfield facility at Kharagpur, West Bengal. Developed under its step-down subsidiary, Ramsarup Industries and is slated to commence operations by March 2026. This initiative aligns closely with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ visions, highlighting Shyam Metalics’ dedication to fostering self-reliance in critical infrastructure. It is also expected to generate significant employment opportunities, contributing meaningfully to regional economic growth.

The Kharagpur manufacturing facility will be developed in two well-structured phases to enable scalable growth and operational efficiency. Phase I will establish a production capacity of 2,400 wagons per annum (approximately 8 wagons per day), while Phase II will double the output to 4,800 wagons annually. Designed to support future capacity and capability upgrades, the plant will be equipped to produce a wide array of rolling stock including Flat, Open, Box, Hopper Covered, Tank, and Specialised Wagons.

A defining feature of the facility is its forward-thinking, sustainable design. It will feature rooftop solar installations to generate clean energy, along with an on-site residential colony and recreational amenities that promote employee well-being. The plant incorporates a world-class ‘Uni-Flow’ manufacturing layout to ensure streamlined, high-efficiency production. Further reinforcing the Government of India’s ‘Make in India’ vision, the facility will utilise domestically manufactured equipment to strengthen indigenous capabilities and drive industrial self-reliance. This marks a strategic diversification of Shyam Metalics’ portfolio beyond steel into high-growth sectors, while advancing the company’s broader Environmental, Social, and Governance objectives. 

This greenfield initiative forms a cornerstone of Shyam Metalics’ well-defined five-year capex roadmap, reaffirming its long-term strategy to invest in infrastructure, innovation, and India’s industrial revival. Through this expansion into wagon manufacturing, Shyam Metalics strengthens its role in supporting national infrastructure goals while contributing to the vision of a self-reliant India. 

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