Shyam Metalics & Energy Ltd.

9-MTPA Chandrapur complex to be built in two phases, with 30,000 direct and indirect jobs; company to begin approvals in FY27

The project is expected to create around 30,000 jobs, including 10,000 direct and 20,000 indirect roles

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

Q1FY27 company results: Firms including Indian Overseas Bank, Sobha, Mahindra Logistics, Canara HSBC Life Insurance Company, and Rallis India are also to release their April-June earnings today

At the current market price, JM Financial sees an upside of 11.57 per cent and has set a target price of ₹1,100 apiece

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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Q3FY26 company results: Firms including Chennai Petroleum Corporation, Shyam Metalics and Energy, IFB Industries, and SBFC Finance are also to release their October-December earnings reports today

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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