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Informist, Thursday, Oct. 16, 2025

--Shyam Metalics targets INR 100 bln capex by 2031 

--Shyam Metalics targets to grow revenue 2.5 times to INR 400 bln by 2031 

--Shyam Metalics targets to up capacity to 27 mln tn by 2031 from 15 mln tn 

--Shyam Metalics aim to up EBITDA margin 200-300 bps post capacity expansion 

MUMBAI – Shyam Metalics and Energy Ltd. aims to increase revenue 2.5 times to INR 400 billion by 2031, as part of its growth plans under 'Vision 2031'. For this, the company has earmarked INR 100 billion to spend on capital expenditure with plans of increasing its aggregate capacity to 27 million tonnes from the current 15 million tonnes, Shyam Metalics said in an exchange filing.

The company had already guided for doubling its revenue by 2029-30 (Apr-Mar) in a presentation post the June quarter earnings, which were reported in July. After the capacity expansion, its earnings before interest, tax, depreciation, and amortisation margin is expected to improve by 200-300 basis points, the company said. It had reported a consolidated operating EBITDA margin of 13.1% for the June quarter and 12.3% in FY25

"SMEL plans to strengthen its integrated business model by expanding across downstream and high value-added segments, including specialty steel, stainless steel, flat products, and aluminum," the filing said. Within its stainless steel business, the company is looking to increase its flat product capacity by 6.5 times with a focus on downstream segments such as tubes, utensils, defence, and railways.

"The long products business will continue to focus on precision engineering and automotive sectors, with an export-oriented approach," it said. Its expansion plans are also expected to double the company's export revenue to $300 million from $150 million.

Shares of the company were largely unchanged post the company's filing about its vision for 2031. At 1420 IST, the stock was up 0.6% on the National Stock Exchange at INR 921 per share.  End

US$1 = INR 87.88

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Anshul Choudhary

Edited by Avishek Dutta

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