Shyam Metalics and Energy Ltd (SMEL) has laid out an ambitious growth roadmap under its ‘Vision 2031’ plan, targeting a 2.5x jump in revenue to ₹40,000 crore and expanding total capacity from 15 million tonnes to 27 million tonnes over the next seven years.
The company plans to invest about ₹10,000 crore, largely through internal accruals, to fund expansion across specialty steel, stainless steel, flat products, and aluminium. The focus will be on downstream integration, technology upgrades, and energy efficiency.
SMEL said the strategy will strengthen its position in high-value sectors such as defence, infrastructure, engineering, and railways, while improving operational efficiency through backward integration in energy and mining.
It expects EBITDA margins to rise by 200–300 basis points once the expansion is complete, driven by operating leverage and a richer product mix.
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The plan is also expected to create around 10,000 new jobs and double export revenues to $300 million.
As of 2:17 PM, shares of Shyam Metalics and Energy Ltd were up 0.7% at ₹922 on the NSE, after touching an intraday high of ₹928.70 following the announcement.
