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Shyam Metalics and Energy is currently trading at Rs. 884.75, up by 13.35 points or 1.53% from its previous closing of Rs. 871.40 on the BSE.

The scrip opened at Rs. 876.90 and has touched a high and low of Rs. 900.00 and Rs. 871.45 respectively. So far 33306 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 902.00 on 16-Sep-2024 and a 52 week low of Rs. 420.50 on 25-Oct-2023.

Last one week high and low of the scrip stood at Rs. 902.00 and Rs. 793.65 respectively. The current market cap of the company is Rs. 24696.19 crore.

The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 7.63% and 17.78% respectively.

Shyam Metalics and Energy (SMEL) has expanded its production capabilities with the establishment of a state-of-the-art Greenfield Cold Rolling Mill (CRM) in Jamuria, West Bengal. This strategic investment highlights Shyam Metalics' commitment to enhancing its product portfolio and extending its reach in both domestic and international markets. 

The facility commenced trial run under Shyam Metalics Flat Product, a wholly owned stepdown subsidiary of SMEL. It is in line with government industrial policies and supports the company's strategic strategy. With a total capacity of 400,000 tons annually, the new Cold Rolling Mill is a cutting-edge establishment. 

The project has a total capital cost of Rs 603 crore, with Rs 346 crore invested and Rs 257 crore pending. The mill will specialize in producing pre-painted galvalume coils (PPGL) and coils of galvanized iron/galvanized steel (GI/GL). With this expansion, the company will be able to produce steel products of the highest caliber and further strengthen its integrated steel manufacturing capabilities.

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