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Shyam Metallics and Energy Ltd. has announced that additional investments of ~Rs 9.9 billion will be made on top of the existing committed capex of ~Rs 30 billion over three to four years.
The extra capex would be made to-
increase the capacity of the pellet plant by ~2.4 million tons per year (~1.2 million tons per year at the Jamuria and Sambalpur plants),
set up a coke oven plant with a capacity of ~0.45 mtpa and
double captive track capacities.
The capex breakup amounts to – 1. Rs 3.6 billion for pellet plant, 2. Rs 4.5 billion for coke oven plant and 3. Rs 1.8 billion for railway lines.
The capex is financed through internal accruals.
Furthermore, in March 2022, Shyam Metalics’ aluminum foil plant with a capacity of approximately 40,000 tons per year was put into operation.
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This post Shyam Metalics – Prudent Capital Allocation to Help RoE : ICICI Securities
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