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Shyam Metalics & Energy Ltd.

BSE: 543299 Sector: Metals & Mining
NSE: SHYAMMETL ISIN Code: INE810G01011
BSE 15:47 | 31 Jan 306.00 4.15
(1.37%)
OPEN

304.90

HIGH

306.00

LOW

300.45

NSE 15:44 | 31 Jan 303.40 1.00
(0.33%)
OPEN

304.55

HIGH

306.50

LOW

300.20

OPEN 304.90
PREVIOUS CLOSE 301.85
VOLUME 7293
52-Week high 385.40
52-Week low 273.00
P/E 16.34
Mkt Cap.(Rs cr) 7,805
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 304.90
CLOSE 301.85
VOLUME 7293
52-Week high 385.40
52-Week low 273.00
P/E 16.34
Mkt Cap.(Rs cr) 7,805
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shyam Metalics & Energy Ltd. (SHYAMMETL) - Company History

Shyam Metalics and Energy Limited was originally incorporated as Shyam DRI & Power Limited on 10 December 2002 at Kolkata West Bengal and later changed to Shyam Metalics and Energy Limited on 05 January 2010. The Company is amongst the largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry. The company is engaged in production of long steel products such as iron pellets sponge iron steel billets TMT structural products wire rods and ferro alloys. It offers ferro chrome ferro manganese silico manganese pig iron angle channelsbeam TMT bars HT billets special steel billets sponge iron and iron pellets. It has an integrated steel plant in Odisha and its presence in wind power sector in Maharashtra. It has 3 manufacturing plantsone in Odisha and 2 in West Bengal. The aggregate installed metal capacity of manufacturing plants is 11.60 MTPA. The manufacturing plants include captive power plants with an aggregated installed capacity of 357 MW.Pursuant to Scheme of Amalgamation of Jhawar Metacast & Engineers Pvt. Ltd. and Manush Vinimay Pvt. Ltd. with the Company as approved by the High Court of Calcutta by Order dated 29 July 2010 the Shareholders of Jhawar Metacast & Engineers Pvt. Ltd. were allotted equity shares of the Company in the ratio of 1:3 and the shareholders of Manush Vinimay Pvt. Ltd. were allotted equity shares of the Company in the ratio of 1:1. Accordingly1393367 Equity Shares were allotted to Subham Capital Private Limited and 1468950 Equity Shares were allotted to Subham Buildwell Pvt. Ltd.Pursuant to the scheme of amalgamation of Ponni Trexim Private Limited Eskay Business Private Limited and Nandlal Tie-Up Private Limited with the Company as approved by the High Court of Calcutta by order dated 11 June 2014 the shareholders of Ponni Trexim Pvt. Ltd. were allotted two Equity Shares of the Company for every five equity shares of Ponni Trexim the shareholders of Eskay Business Pvt. Ltd. were allotted one Equity Share in the Company for every four equity shares in Eskay Business Pvt. Ltd. and shareholders of Nandlal Tie-Up Pvt. Ltd. were allotted nine Equity Shares in the Company for every four equity shares of Nandlal Tie-up Pvt. Ltd. Accordingly 1470536 Equity Shares were allotted to shareholders of Ponni Trexim Pvt. Ltd. 927075 Equity Shares were allotted to shreholders of Eskay Business Pvt. Ltd. and 3245625 Equity Shares were allotted to shareholders of Nandlal Tie-Up Pvt. Ltd.Pursuant to the scheme of amalgamation of Inforev Software Private Limited and Amazing Vinimay Private Limited with the Company as approved by the High Court of Calcutta by order dated 03 October 2016 shareholders of Inforev Software Pvt Ltd. were allotted Equity Shares of the Company in the ratio 1:3 and shareholders of Amazing Vinimay Private Limited were allotted Equity Shares in the Company in the ratio 7:4. Accordingly 42333 Equity Shares were allotted to Dorite Tracon Pvt. Ltd. 4333 Equity Shares were allotted to Parichay Tradelinks Pvt. Ltd. 93666 Equity Shares were allotted to Brij Bhushan Agarwal 4666 Equity Shares were allotted to Kejariwal Mercantiles Company Pvt. Ltd. 3666 Equity Shares were allotted to Seven Star Trades & Services Pvt. Ltd. 9000 Equity Shares were allotted to Tulsi Vanijya Pvt. Ltd. 7333 Equity Shares were allotted to Vaishno Trades & Services Pvt. Ltd. 5333 Equity Shares were allotted to Vicky Marketing Services Pvt. Ltd. 64333 Equity Shares were allotted to Narantak Dealcomm Limited 71000 Equity Shares were allotted to Subham Capital Private Limited 6666 Equity Shares were allotted to Wellman Tie-Up Pvt. Ltd. 9333 Equity Shares were allotted to Accurate Dealmark Pvt. Ltd. 918312 Equity Shares were allotted to Sonata Retails Pvt. Ltd. 905187 Equity Shares were allotted to Sonata Traders Pvt. Ltd. and 940626 Equity Shares were allotted to Sonata Dealtrade Pvt. Ltd.On 30 March 2017the company has allotted 375000 equity shares of Rs 10 each at a price of Rs 186 per share on preferential basis.On 20 June 2018the company has allotted 186888080 bonus equity shares to the shareholders in the ratio of 4:1.As on 31 March 2021the company has 5 direct subsidiaries and 7 second layer subsidiaries.The company also having 3 associate companies and one joint venture company under its roof.During the year 2021-22 M/s. Damodar Aluminium Private Limited M/s. Singhbhum Steel & Power Private Limited and M/s. Renaissance Hydro Power Private Limited ceased to be subsidiaries effective from 09 September 2021 respectively. It acquired 90% stake in Shree Venketeshwara Electrocast Pvt Ltd. It commissioned an Aluminium Foil plant at Pakuria West Bengal. It acquired Kolkata based Ramsarup Industries Limited.

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