Shyam Century Ferrous Ltd

Shyam Century Ferrous Ltd

Shyam Century Ferrous Limited was incorporated as a public limited company in April 12 2011 under the Companies Act 1956. The Company have a plant at Byrnihat Meghalaya and is engaged in manufacturing Ferro-Alloys and generation of Power.The Company is in the production of Ferro-Silicon one of the major raw ingredients of Stainless Steel and small quantities in Mild Steel i.e. MS Steel. In Mild Steel it is used as reductant while in Stainless Steel it is used as a grain refiner that enhances the brightness. The Company has a plant located at Byrnihat Meghalaya near Guwahati with a production capacity of around 21600 MT approx of ferro-silicon annually. The plant has also a captive power generation unit with an installed capacity of 14 MW approx. And the power generated by the same is mostly used for production of Ferro-Silicon which is a major component in making FeSi.The Company is selling product across India. The strategic location at the Northeastern India gives the Company an advantageous exposure to abundant raw materials like coal lam cole and quartz at the nearby vicinity. Besides Ferro-Silicon the Company has the facility to produce Silico-Manganese and other Ferro-alloys.The Company continued to focus on fundamental strength i.e. productivity and quality. Strong emphasis were given on reduction of cost utilization of internal efficiencies together with an improvement in product mix which helped to withstand inflationary pressures on costs and profitability.The Company had entered into a Scheme of Arrangement with Star Ferro and vested in the Company with effect from 1st April 2014 i.e. Appointed date. Pursuant to the Scheme of Arrangement between Star Ferro and Cement Limited (SFCL) the Company and their respective shareholders as approved by the Hon'ble High Court of Meghalaya at Shillong vide its Order dated 31st March 2015 with effect from 1st April 2014 being the Appointed Date the company had issued and alloted 222172990 Equity Shares to the shareholders of SFCL in ratio of 1 Equity share of Re 1/- each of the Company as fully paid up for every 1 Equity Share of Re 1/- each held by them in SFCL. During the FY 2020-21 the Company developed a Research & Development cell for carrying out R&D Projects in the plant with specific objective of development of advanced systems for quality improvement and incurred a capital expenditure of Rs 1.77 Lakhs.During the FY 2020-21 M/s. Meghalaya Power Limited ceased to be an Associate Company of the Company due to sell of entire shares held by the Company in Meghalaya Power Limited.