BQ Blue’s dedicated research section collects high quality and in-depth stock and economics research reports from the top brokers, asset managers and research firms in India. These reports provide BloombergQuint subscribers with an opportunity to increase their knowledge of companies, sectors and the economy.
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.
Click on the attachment to read the full report:
DISCLAIMER
This report has been prepared by an external party. BloombergQuint does not warrant the accuracy of its contents and is in no way responsible for it. The contents of this section do not constitute investment advice. For that, you should always consult an expert according to your individual needs. The views expressed in the report are those of the authoring entity and do not represent the views of BloombergQuint.
Users are not licensed to copy, modify, or distribute the content without the permission of the original owner.
This post Shyam Metalics – Prudent Capital Allocation to Help RoE : ICICI Securities was original published at “https://www.bloombergquint.com/research-reports/shyam-metalics-prudent-capital-allocation-to-help-roe-icici-securities”
