Shyam Metalics soars as its step-down arm starts commercial production at Aluminium Foil facility in Odisha
Shyam Metalics And Energy is currently trading at Rs. 1057.40, up by 23.50 points or 2.27% from its previous closing of Rs. 1033.90 on the BSE.
The scrip opened at Rs. 1028.05 and has touched a high and low of Rs. 1059.00 and Rs. 1028.05 respectively. So far 17155 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1059.00 on 16-Jul-2026 and a 52 week low of Rs. 745.65 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,059.00 and Rs. 951.90 respectively. The current market cap of the company is Rs. 28912.48 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 10.91% and 14.50% respectively.
Shyam Metalics and Energy’s step-down subsidiary-- SMEL Steel Structural has commenced commercial production at its Aluminium Foil facility in Sambalpur, Odisha. The facility has an installed operational capacity of 18,000 tonnes per annum (TPA) and is equipped to manufacture premium-grade foils in the thickness range of 6 to 40 microns.
Besides, the company’s Aluminium Flat Rolled Products (FRP) facility is in final readiness phase and is on track for commercial launch by September 2026, further strengthening its presence in the value-added aluminium products segment. The FRP section will have an installed capacity of 60,000 TPA and would span a thickness range of 0.3 to 4.0 mm.
The strategic foray into value-added, downstream aluminium products represents a major step in SMEL’s product diversification strategy. It addresses the critical domestic demand for precision-engineered and high-quality materials, reduces import dependence, and strengthens India’s Atmanirbhar Bharat initiative under the Make in India vision.
The commissioning of these plants-- Aluminium Foil and the FRP facility--is anticipated to enhance SMEL’s operating margins by approximately 40-50% on the back of optimised product mix and higher product realisations. It is also projected to drive robust revenue growth, expanding the company's topline by 2x to 2.5x through enhanced market reach and distribution across domestic and international markets.
