Shyam Metalics and Energy Limited (SMEL), one of India’s foremost integrated metal producers, has achieved a major milestone with CRISIL Ratings Limited upgrading its long-term credit rating to ‘CRISIL AA+/Stable’ from ‘CRISIL AA/Positive’, while reaffirming its short-term rating at ‘CRISIL A1+’, the highest rating in the short-term category. This upgrade positions Shyam Metalics at the top of its industry in terms of creditworthiness, reflecting the company’s robust business fundamentals, diversified operations, and disciplined financial management.
The enhanced rating underscores Shyam Metalics’ sustained growth across steel, ferro alloys, and power segments, alongside strategic expansion into flat products, pig iron, aluminium, and stainless steel. Supported by a strong focus on value-added and finished products, the company continues to enhance profitability through operational integration and efficiency across its fully integrated manufacturing value chain — from raw material sourcing to finished steel. With captive power plants and waste heat recovery systems meeting nearly 80% of its energy needs, SMEL ensures cost efficiency, energy security, and margin stability.
Financially, Shyam Metalics maintains a solid balance sheet, conservative leverage, and robust liquidity, with expansion projects funded primarily through internal accruals, reflecting prudent capital allocation and a focus on long-term sustainability. The company’s consistent profitability, efficient cost structures, and diversified product mix have further strengthened its earnings resilience. Guided by a professional leadership team and a strong governance framework, SMEL continues to uphold the highest standards of transparency and accountability, backed by reputed statutory, internal, and secretarial auditors.
Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics & Energy Limited, stated “We are honoured by CRISIL’s recognition of our operational and financial strength. The ‘AA+’ rating reflects our unwavering focus on disciplined growth, prudent capital management, and value creation for all stakeholders. As we continue our expansion journey, we remain committed to maintaining financial excellence and sustainable business practices.”
Headquartered in Kolkata, West Bengal, Shyam Metalics operates world-class facilities across West Bengal, Odisha, Jharkhand, and Madhya Pradesh, with a total installed metal capacity of 15.13 MTPA and 467 MW of captive power generation. Listed on Indian exchanges since 2021, the company today commands a market capitalization exceeding ₹24,750 crore.
A recognized leader in ferro alloys, sponge iron, and pellet production, Shyam Metalics continues to drive growth through innovation, integration, and sustainable manufacturing, reinforcing its position as a trusted and future-ready player in India’s metal and energy sector.
