Shyam Metalics expects greenfield unit to add 1,200 crore to revenue in 2-3 years [Video]

Integrated metal producer Shyam Metalics and Energy expects its planned greenfield unit to become operational in 2026 and start contributing roughly ₹1,200 crore to the revenue within two to three years. 

The greenfield expansion, with an estimated investment of ₹450 crore, involves establishing a production capacity of 60,000 metric tonne per year (KTPA) for flat-rolled products.

These products will play a significant role in advancing India’s electric vehicle (EV) revolution, said Sheetij Agarwal, Whole-Time Director of Shyam Metalics.

The management is confident of commissioning this unit in the next two years and the project will be funded mainly by internal accruals.

Agarwal stated, “We aim to backward integrate and put up a facility with an investment of ₹450 crore, which will enable us to have complete raw material security.”

On the green energy side, the company has already forayed into manufacturing battery foils, which is a crucial component that goes into the cathode conductor of lithium-ion batteries.

“Looking …