Shyam Metalics & Energy Ltd.

Shyam Metalics and Energy Ltd on Monday reported 20.6 per cent rise in consolidated profit after tax at Rs 350.73 crore for the quarter ended June 30, 2026. The company had posted a PAT of Rs 290.67 crore in the year-ago period. Income rose to Rs 5,502.18 crore from Rs 4,476.60 crore in the corresponding quarter of the previous financial year, Shyam Metalics and Energy said in a filing to BSE. The board at its meeting held on Monday approved the payment of first interim dividend of Rs 1.80 per equity share for 2026-27. The board also approved raising up to Rs 4,500 crore through issuance of equity shares, eligible securities, or equity-linked instruments, it said. The fundraise may include convertible or non-convertible preference shares, as well as fully or partly convertible debentures, the company added. "We commenced Q1 FY27 on a strong footing, driven by disciplined execution, operational excellence, and the strength of our integrated business model. During the quarter, Rev

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Shyam Metalics plans to invest Rs 20,000 crore in West Bengal, including expansion at Kharagpur and Jamuria, subject to the new industrial policy

Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others

The project, being developed through its step-down subsidiary Smel Steel Structural Pvt Ltd, is in an advanced stage and is expected to be commissioned by June 2026, the company said

Enforcement action targets multiple units at Rengali plant after repeated non-compliance with air, wastewater and hazardous waste norms despite earlier notices

The buying on the counter came after Shyam Metalics released its sales figures for March and Q4FY26

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Shyam Metalics' share price rose after the company announced its entry into the wagon manufacturing business.

Integrated metal-producing company Shyam Metalics and Energy Ltd (SMEL) on Tuesday reported a 56.3 per cent rise in consolidated Profit After Tax (PAT) at Rs 197 crore for the quarter ended December 31, 2024. The company had posted a consolidated PAT of Rs 126 crore in the year-ago period, SMEL said in a statement. The revenue of the company during the third quarter rose to Rs 3,753 crore over Rs 3,315 crore in the year-ago period. "We are delighted to report an exceptional performance in Q3FY25, with profitability soaring....to Rs 197 crore. Quarterly revenues increased...to Rs 3,753 crore while Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached Rs 456 crore. "The consistent growth of our value-added product portfolio further reinforces our commitment to diversification and strengthening our market position," the company's Vice Chairman and Managing Director Brij Bhushan Agarwal was quoted as saying in the statement. Shyam Metalics is an ..

Shyam Metalics share price: The small-cap metal company is etsting the super trendline resistance of Rs 804 per share, as per the daily charts

The company invested Rs 600 crore for the project and it aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.

he company's plant in Jamuria, WB, is being built at a total capital cost of Rs 603 crore, with Rs 346 crore invested and Rs 257 crore yet to be invested

The stock price climbed after the company's management informed investors about its growth plans in its businesses of aluminium and stainless-steel products

UBS reckons the market is not fully appreciating Shyam Metalics' integrated operations

Shyam Metalics & Energy Ltd (SMEL) on Saturday reported more than fourfold jump in its consolidated profit after tax (PAT) to Rs 481.97 crore in the July-September quarter of 2023-24 despite a fall in revenue. It had clocked Rs 110.91 crore PAT during the July-September period of the preceding 2022-23 fiscal, the company said in a statement on Saturday. The company's consolidated revenues dropped by 4.7 per cent to Rs 2,940.70 crore for the second quarter of FY2023-24 as compared to Rs 3,085.20 crore in the same quarter a year ago. Despite the realisation of finished steel being down by 11.75 per cent on a year-on-year basis, the company has been able to maintain revenue growth, the statement said. The company has also received the order from NCLT Bench for the acquisition of Mittal Corp Limited along with the order of approval for merger of Mittal Corp Limited with Shyam Sel and Power Limited, a wholly-owned subsidiary of the company, it said. There has been sustained growth in .

City-based Shyam Metalics and Energy Limited on Monday announced its entry to battery-grade aluminum foil, a critical component in lithium-ion cells, anticipating growing demand from Indian companies foraying into the new-age batteries. The company is a producer and exporter of aluminum foil for various industrial applications with an annual production capacity of 20,000 tonnes per annum. The company officials, however, did not elaborate on the capacity that would be catered to the battery segment or mention any capital expenditure for foraying into lithium-ion cell grade aluminium foil. Shyam Metalics in a statement said for the production of 1GWh (Gigawatt-hour) of LFP (Lithium Iron Phosphate) cells, which power a wide variety of electric vehicles and energy storage systems, 350 tons of high purity and uniform-thickness aluminum foil is required that acts as a positive (cathode) current collector. The demand for aluminum foil doubles for sodium-ion batteries, where both positive