In an ambitious move to enhance its market presence, Shyam Metalics and Energy Ltd is embarking on a significant expansion of its aluminium and stainless steel divisions. Brij Bhushan Agarwal, the company’s vice-chairman and managing director, outlined the strategic plans aimed at leveraging their established base in the aluminium sector.
“We are in the process of developing our own raw materials, which will enable us to increase our foil production capacity threefold. This development is crucial for sectors such as electric vehicles, defense applications, and other industries that demand high-quality aluminium products,” Agarwal stated. He highlighted the company’s expertise in producing battery foils, positioning Shyam Metalics distinctively in the marketplace.
“We have been pioneers in the production of battery foil, which enjoys high international demand, particularly in the defense and electric vehicle sectors. By the fiscal year 2026-27, we expect our aluminium business to generate revenues exceeding Rs 2,500 crore, driven by our expansion activities and the growing demand for these high-margin products,” Agarwal added.
In addition to their focus on aluminium, Shyam Metalics is making significant investments in their stainless steel segment. Agarwal emphasized that these investments are expected to considerably enhance the company’s overall value proposition.
“We have already committed nearly Rs 5,000 crore of our planned Rs 10,000 crore capital expenditure, with about Rs 2,500 crore already invested. Our objective is to expand our stainless steel production capacity nearly six-fold to meet the increasing demand from key sectors such as railways, construction, and automotive industries,” Agarwal explained.
The company’s current expertise in specialty alloys and carbon steel provides a robust foundation for this forthcoming expansion. “Our foray into stainless steel represents both a backward and forward integration strategy. We are already manufacturing the raw materials essential for stainless steel production, which enables us to enhance our value chain and decrease reliance on external suppliers,” he remarked.
Reflecting on the company’s financial status, Agarwal expressed confidence in their ability to achieve their expansion targets. Following a strong opening, Shyam Metalics’ shares saw a modest increase of 0.61%, reaching an intraday peak of Rs 830.15 per share on the Bombay Stock Exchange on Tuesday. However, the stock later retraced some of its gains, trading at Rs 816.7 per share, which represents a decline of 1%, as of 12:16 p.m.
Shyam Metalics and Energy Ltd is a leading player in the steel and metal sector, specializing in high-quality aluminium and stainless steel products. Known for its innovation in battery foils and a robust expansion strategy, the company is focused on enhancing production capacity and meeting rising demand in sectors like defense, automotive, and construction.
