Shyam Metalics and Energy Ltd has announced the establishment of a dedicated wagon manufacturing facility in Kharagpur, West Bengal. The project marks the company’s strategic diversification into the rail infrastructure sector and aligns with its five-year capital expenditure plan.
The plant will be developed through Ramsarup Industries, a step-down subsidiary of Shyam Metalics. The facility will be constructed in two phases, with Phase I enabling an annual production capacity of 2,400 wagons, and Phase II doubling output to 4,800 wagons per annum. Commercial operations are scheduled to commence by March 2026.
The site benefits from connectivity via two National Highways and proximity to a major port, ensuring logistical efficiency. The facility will also leverage Shyam Metalics’ existing infrastructure, including a railway siding, captive power generation, and raw material integration from the company’s primary steel operations.
The plant is engineered for modular expansion and is capable of manufacturing multiple types of rolling stock, including flat, open, box, covered hopper, tank, and specialized wagons. A Uni-Flow manufacturing layout will be adopted to enhance production efficiency. Additionally, the facility will incorporate rooftop solar panels and provide on-site accommodation and essential amenities for its workforce.
The company aims to source equipment domestically, reinforcing its commitment to India’s self-reliance initiatives. Emphasis will be placed on sustainable practices, with renewable energy integration and efficient resource utilization forming core components of the operational design.
Sheetij Agarwal, Director at Shyam Metalics and Energy Ltd, stated, “The establishment of this wagon manufacturing plant represents a significant milestone in our long-term growth strategy. This project underscores our commitment to infrastructure development, sustainability, and operational excellence. With cutting-edge design and an emphasis on local sourcing, the facility aligns with our broader goal of advancing India’s industrial capabilities.”
Shyam Metalics is a leading integrated metal producer in India, with operations in West Bengal, Odisha, Jharkhand, and Madhya Pradesh. Headquartered in Kolkata, the company focuses on long steel products, ferro alloys, aluminium, and stainless steel. It is one of the largest producers of ferro alloys and coal-based sponge iron in the country by installed capacity, according to CRISIL.
Listed on Indian stock exchanges since 2021, Shyam Metalics currently holds a market capitalisation of approximately ₹25,473 crore. The company maintains a diversified product portfolio and operates across the entire steel value chain, offering both intermediate and finished products.
