Shyam Metalics Unveils Capex Push, Liquidates Dubai Arm and Adds Independent Director

Shyam Metalics & Energy Ltd. ( (IN:SHYAMMETL) ) has shared an update.

Shyam Metalics and Energy Limited’s board has approved the unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025, and is proceeding with a restructuring of its international footprint by initiating voluntary liquidation of Shyam Metalics International DMCC, its non-operational step‑down subsidiary in Dubai, to curb recurring costs from an entity whose proposed business was thwarted by geopolitical uncertainties. In a parallel governance and growth push, the board has cleared the appointment of Subrata Bhattacharya as an additional independent director for a five‑year term starting 1 February 2026, subject to shareholder approval via postal ballot, and sanctioned a sizeable capex programme that includes a wagon manufacturing facility at Kharagpur, multiple blast furnace expansions, a new 80 MW power plant at Sambalpur, and a large hot rolling mill and furnace—moves that signal an aggressive capacity expansion strategy aimed at strengthening the company’s position in steel, power and rail-supply segments over the next three to four years.

More about Shyam Metalics & Energy Ltd.

Shyam Metalics and Energy Limited is an Indian metals and energy company based in Kolkata, operating across an integrated value chain that includes power, ferro alloys, iron and steel intermediates such as pellets, pig iron, billets, sponge iron, wire rod, TMT and structurals, as well as aluminium foil, roofing products, stainless steel and ductile iron pipes. The company serves both domestic and export markets, focusing on value-added steel products and related materials for infrastructure and industrial applications.

Average Trading Volume: 7,370

Technical Sentiment Signal: Hold

Current Market Cap: 224.3B INR

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