Industry- Metals. Category- Manufacturing. Founded- 1991; 29 years. Headquarters- Kolkata, India Area served- India. Key people- Mahabir Agarwal, Brij Bhushan Agarwal. Products- Integrated metal and Ferroalloys. Revenue- 39,956.32 (₹ in million) Number of employees- 11,457. Website- www.shyammetalics.com |
Shyam Metalics and Energy Limited is India’s leading integrated metal and Ferroalloys Company based in India. It’s started in 1991, with Corporate headquarters situated in Kolkata, West Bengal.
Table of Contents
History-

In 1991, Shyam Metalic’s new beginning started Shyam SEL and Power Ltd. and Shyam Metalics and energy limited incorporated in 2002, they started commercial production of sponge iron with a capacity of 60000 TPA at Mangalpur Manufacturing Plant. Shyam Metallic primarily focused on the production of long steel products and Ferroalloys. It’s maintained profitability since it started operations in FY 2005. They distributed positive EBITDA in every fiscal year.
In 2013, SMEL started two commercial plants one is the Sambalpur manufacturing plant for the commercial production of iron pellets with a capacity of 300000 TPA. The second one is the Jamuria manufacturing plant started for commercial production of iron pellets plant with capacity of 480000 TPA and also expanded capacity of sponge iron plant by 36000 TPA. As of March 31, 2020, Shyam Metallic and Energy Limited is one of the leading companies in terms of pellet capacity and the fourth largest player in sponge Iron. In June 2021, SMEL raises the fund through its IPO, around ₹ 909 Crore. It raised ₹ 657 Crore from the public offering and ₹ 252 Crore through offer for sale (OFS).
Products and Manufacturing plants-

Shyam Metalics and Energy Limited operate three manufacturing plants, one in Odisha and two in West Bengal. Its installed manufacturing plant capacity is 5.71 MTPA as of Dec 31, 2020. Their manufacturing plant also includes a power plant with an installed capacity of 227 MW.
SMEL has two steel manufacturing plants, one is Jamuria, West Bengal, and another one in Sambalpur, Odisha which are works on captive railway sliding, iron pellets, billets, power plant, TMT, Wire rod, sponge iron, structural mills, and Ferroalloys plants.
Also, they have Mangalpur Manufacturing Plant in West Bengal which comprises sponge iron, ferrous alloy plant, and Power plant. The company’s Sambalpur plant handles the customers of India’s southern and western region and Jamuria and Mangalpur plants handle the customers from the Northern and Eastern regions of India.

Partners and Customers-
Shyam Metalic and Energy Limited serves institutional customers and end-users. Jindal stainless limited, Rimjhim Ispat Limited is the domestic client, and Boredom DMCC, JM global Resources, World Metal & Alloys, Traxys North America LLC, Vijayshri steel Pvt. Ltd is the international client of SMEL. The company has a partnership with 42 distributors to offer their products across the 13 states and 1 UT. It had a strong financial performance for more than 20 years and a well-maintained distribution network.
Certifications-
- ISO 9001 Certified to Quality Management system standard of SMEL- ISO 9001:2015.
- BSCIC Certification to SMEL for Occupational Health & Safety Management- ISO 45001:2018
IPO Launched
The Shyam Metalics and Energy Limited planning to launch their IPO, an aggregate issue size of Rs 1,107 Cr with a fresh issue of Rs 675 Cr and OFS up to Rs 450 Cr. Its IPO of equity shares of the face value of Rs 10. It’s listing on both BSE & NSE platforms on June 24, 2021. Shyam Metallic stock opened with a 24% premium at Rs 380 on BSE and 20% at Rs 367 on the NSE platform. It was listed lower than what analysts expected on June 24.
Register Office Address- Trinity Tower, 7th Floor, 83, State- West Bengal Tel.No- +91 33 4016 4000
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