Shyam Metalics & Energy will hold a meeting of the Board of Directors of the Company on 14 May 2024.Powered by Capital Market - Live News

Shyam Metalics & Energy unveiled its latest development, the SEL Tiger Foil. Crafted with a deep dedication to preserving food freshness and increasing sustainability, SEL Tiger Foil is a testament of excellence in household food safety. Driven by the strong demand and a projected 7.4% CAGR growth in the aluminum foil segment by 2030, Shyam Metalics is poised to benefit from increased demand and business opportunities in this sector. SEL Tiger Foil, being manufactured in Giridh, Jharkhand by Shree Venkateshwara Electrocast, a step-down subsidiary of Shyam Metalics & Energy, is available in 2 categories, microns, 11 microns, and 18 microns. Each variant is tailored to meet diverse food storage needs. With a range including 9-meter rolls for occasional needs and 72-meter rolls provides an ample supply of aluminium foil for everyday culinary endeavors, with an ideal size for regular use. This launch also heralds a new, nature-friendly box design, underscoring Shyam Metalics` dedication to sustainable practices. Powered by Capital Market - Live News

Shyam Metalics & Energy informed the receiving of the Letter of Intent from the Industry, Energy, Labour, and Mining Department, Government of Maharashtra, in respect of receiving of the Letter of Intent for Composite License for Iron Ore Block in the State of Maharashtra by its Joint Venture Company, namely Natural Resources Energy (NREPL), wherein Dorite Tracon, a promoter company of Shyam Metalics and Energy, holds 49% of the of the economic interest. The said Composite Licence for Surjagad 1 Iron Ore Block for Iron Ore in Angudra, Ramunkal Meta, Puske Meta, Negal Meta village, Etapalli Taluka, Gadchiroli District is spread over an area of 1526 hectares. This significant achievement follows NREPL`s successful bid in the e-auction process conducted for the said mineral block. As the `Preferred Bidder` under the established Auction Rules, NREPL submitted a final price offer of 126.35%, demonstrating its commitment to the project`s value. Powered by Capital Market - Live News

Shyam Metalics & Energy announced that Natural Resources Energy (NREPL) � an Associate Joint Venture Company of one of the company`s promoter Company i.e. Dorite Tracon, which holds 49% economic interest, has been awarded the Letter of Intent for Composite Licence by the Industry, Energy, Labour and Mining Department, Government of Maharashtra, for Surjagad 1 Iron Ore Block for an area of 1526 Hectare in the State of Maharashtra. Powered by Capital Market - Live News

Shyam Metalics & Energy announced its ambitious foray into a greenfield expansion project focused on aluminium flat-rolled products. The Group intends to invest Rs 450 crore in the same. The investment is aimed at capacity expansion of the group while also generate the employment of 1000 direct and in-direct jobs. It will increase manufacturing of Aluminium flat rolled products to bridge the demand & supply gap making Shyam Metalics group self reliant for the raw materials of aluminium foil business. The plant is to be setup in Odisha. With an annual capacity of 60,000 metric tons per year (KTPA) of flat-rolled products, this expansion marks a significant stride towards sustainable manufacturing and supporting the ever-increasing electric vehicle (EV) sector in India.Powered by Capital Market - Live News