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Overview

We are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys; have the ability to sell intermediate and final products across the value chain and a track record of positive EBITDA since commencing operations in fiscal 2005.

We are one of the leading players in terms of our long steel product and pellet capacity, amongst the largest producers of Ferro Alloys domestically and the fourth largest player in the Sponge Iron industry in terms of our annual installed capacity. We operate three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of our manufacturing plants is 2.40 MTPA (comprising of intermediate and final products). Our manufacturing plants also include captive power plants with an aggregated installed capacity of 207 MW. Our Odisha manufacturing plant caters to customers in the Southern and Western India whereas our West Bengal manufacturing plants caters to customers in Northern and Eastern India.

We operate two “Ore to metal” integrated steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, West Bengal which comprise of captive railway sidings, captive power plants, iron pellet, sponge iron, billet, TMT, wire rod and structural mills and ferro alloy plants. We also operate a manufacturing plant in Mangalpur, West Bengal which comprises of sponge iron and ferro alloy plants and a captive power plant. Our integrated manufacturing plants are fungible by design, which insulates us from price volatility and provides us with the ability to quickly adapt to changing market conditions and shift our production and product offerings to meet the continuously changing market climate and optimise our operating margins. Our manufacturing plants primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and ferro alloys with a specific focus on high margin products such as customised billets and specialised ferro alloys for special steel applications.

Our TMT and structural products are sold under the brand “SEL”. We also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. We are in the process of further diversifying our product portfolio by entering into the segments of cement and ductile iron pipes.

We are in the process of adding fresh capacities to our manufacturing plants and captive power plants and diversifying into related segments. Post completion of these capacity expansions the aggregate installed metal capacity of our manufacturing plants and our captive power plants shall increase from 2.40 MTPA to 6.78 MTPA (comprising of intermediate and final products) and 207 MW to 350 MW respectively. Our product offerings cater to a mix of customers which consist of institutional customers and end consumers through our distribution network. Our TMT and structural products are sold under the brand “SEL”. We also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. We are in the process of further diversifying our product portfolio by entering into the segments of cement and ductile iron pipes.

India is among the fastest growing major economies of the world. It is also the sixth-largest economy on a nominal basis. The country’s GDP has grown at 7.1% CAGR from 2012-13 to 2017-18 primarily driven by Services sector that grew by 8.5% during the period respectively. Government fixed capital expenditure (GFCF) grew at a CAGR 5.4%,leading to increase in growth during past five years.

VISION

We aspire to be the global industry benchmark through value creation, process innovation, enhanced stakeholder participation & relentless pursuit of opportunity.

MISSION

Consistent with the vision and values of the founder Shri M.P Agarwal, SMEL strives to leverage its cost-efficiency and effective utilization of natural and human resources to attain high productivity for strengthening India’s Industrial Base. SMEL believes in empowering people and induction of dynamic management practices to scale the heights of success and business excellence.

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Leadership

Leaders are made, they are not born. They are made by hard effort, which is the price which all of us must pay to achieve any goal that is worthwhile.

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Mr. Mahabir Prasad Agarwal

Chairman Emiritus

Mahabir Prasad Agarwal is the non-executive Chairman of our Company.He has been a Director of our Company since April 6, 2018. He is the founder of, and has been a director of, our Subsidiary, SSPL, since its inception and is one of the initial shareholders of our Company.He is actively involved in the CSR activities of our Company and our Subsidiary, SSPL. He has over 35 years of experience in the steel and ferro alloys industry.

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Brij Bhushan Agarwal

Vice-chairman cum Managing Director

Brij Bhushan Agarwal is theVice Chairman and Managing Director of our Company. He has been a Director of our Company since its inception in December, 2002. He holds a bachelor’s degree in commerce from University of Calcutta. He is also the Vice Chairman and Managing Director of our Subsidiary, SSPL, and has been a director of SSPL since its inception. He has over 25 years of experience in the steel and ferro alloys industry.He is primarily responsible for strategic planning, future expansion, business development, marketing, human resources and corporate affairs of our Company.

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Sanjay Kumar Agarwal

Joint Managing Director

Sanjay Kumar Agarwal is the Joint Managing Director of our Company. He has been a Director of our Company since its inception in December, 2002. He holds a bachelor’s degree in commerce, with honours from the University of Calcutta. He has over 15 years of experience in the steel and ferro alloys industry. He is primarily responsible for the operations of our manufacturing plants at Sambalpur, Jamuria and Mangalpur, with focus on cost control, production efficiency and competitive procurement of raw materials.

Bajrang Lal Agarwal

Director

He is a Whole Time Director of Shyam SEL & Power Limited and Key Managerial Personnel of the Company. He has more than 43 years of experience in various industries. He had successfully set up and managed a steel manufacturing plant, re rolling mills, ply wood plant etc. He has vast experience in the industrial field and overall marketing activities of the group.

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Deepak Kumar Agarwal

Director - Finance & Strategy

Associated since the time Shyam Metalics group was founded, Mr Deepak Agarwal holds a bachelor’s degree
in commerce, with honours, from University of Calcutta. He is also an associate member of the
Institute of Company Secretaries of India.
As a veteran finance leader, Mr Deepak Agarwal has a vast and enriching experience with core command in
shareholder value creation, corporate governance, business partnering, mergers and acquisitions,
treasury and funding, investor relations, cost management, financial operations, legal, taxation,
financial accounting, and reporting.
As his core competence he has hands on experience in development and execution of strategies
across financial and business markets for value creation across the organisation

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Bikram Munka

Director - Projects

Bikram Munka is a director on the board of directors of our Subsidiary, Shyam Sel & power Ltd. (SSPL), and has been associated with our Company and our Subsidiary since April 6, 2018. He has over 15 years of experience in the field of marketing steel and ferro products. He currently heads the marketing division of our Company and of our Subsidiary, SSPL. He has been associated with SSPL since 2002. As he joined our Company in April, 2018.

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Dev Kumar Tiwari

Director - Operations

Dev Kumar Tiwari is a whole-time Director of our Company. He has been a Director of our Company since April 10, 2009. He holds a bachelor’s degree in arts (honours) from Bihar University, Muzaffarpur. Prior to his appointment as Director, he was deputy general manager (mechanical) in our Subsidiary, SSPL for 7 years. He has over 20 years of experience in the steel and ferro alloys industry. He is responsible for project implementation and operations of our Sambalpur manufacturing plant.

Our Story

    1981

    Origin

     

    Group started its journey by trading of steel products.

    1991

    New Beginnings

     

    Commenced Manufacturing of steel – Shyam SEL and Power Ltd. (SSPL).

    1995-96

    Going Strong

     

    Production of stainless steel in Shyam Ferro Alloys Ltd.

     

    SSPL starts commercial production of Steel-Melting Shops.

    1997-01

    Self-Sufficient

     

    Commenced SSPL starts new unit in Raniganj, West Bengal with capacity to produce Captive Power.

    2001

    ORE To METAL

     

    SSPL becomes an Integrated Steel Plant.

    2002-07

    Growth

     

    SSPL Expansion in the state of Odisha –Shyam Metalics and Energy Ltd. (SMEL).

     

    SMEL becomes an Integrated Steel Plant.

    2009-14

    Mega Impact

     

    SSPL starts new mega unit at Jamuria, West Bengal (total 6 operating units)

     

    SSPL and SMEL: Forward and Backward integration undertaken – addition of Pellet Plant, Railway Siding, capacity expansion etc.

    2017

    Dominance

     

    Group emerges as a dominant steel company in the East India Region.

    2018

    Diversification

     

    Annual capacity ~ 3.1 MTPA

     

    Further Capacity Expansion and diversification planned in SMEL and SSPL

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