We are a leading integrated metal producing company based in India mainly steel Industry in west bengal and steel industry in Odisha with a focus on Long Steel Products and Ferro Alloys. We have a consistent track record of delivering operating profitability, and since the commencement of our operations in Fiscal 2005, we have delivered a positive EBITDA in each of the Fiscals.
As of March 31, 2020, we were one of the leading players as the steel Industry in west bengal steel industry in Odisha in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India (Source: CRISIL Report). We operate three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of our manufacturing plants is 5.71 MTPA as of December 31, 2020(comprising intermediate and final products). Our manufacturing plants also include captive power plants with an aggregated installed capacity of 118 MW as of December 31, 2020 Our Sambalpur manufacturing plant caters to customers in Southern and western regions of India whereas our Jamuria and Mangalpur manufacturing plants caters to customers in Northern and Eastern regions of India.
We operate two “Ore to metal” integrated (forward and backward) 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 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 optimize 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 customized billets and specialized 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 pig iron, ductile iron pipes and aluminium foil.
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 5.71 MTPA as of December 31, 2020 to 8.12 MTPA (comprising of intermediate and final products) and 227 MW to 357 MW respectively. Our product offerings cater to a mix of customers which consist of institutional customers and end consumers through our distribution network.
Mahabir Prasad AgarwalChairman
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 three decades of experience in the steel and ferro alloys industry.
Brij Bhushan AgarwalVice-chairman and Managing Director
Brij Bhushan Agarwal is the Vice 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 three decades 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.
Sanjay Kumar AgarwalJoint 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 17 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.
Deepak Kumar AgarwalWhole-time Director
Whole-Time Director of our Company. He has been a Director of our Company since July 14, 2014. He 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. He has previously been associated with Shyam SEL and Power Limited and has over a decade of experience in the steel and ferro alloys industry. He is responsible for handling the finance, risk management and corporate affairs of our Company and its Subsidiaries.
Dev Kumar TiwariDirector - 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 23 years of experience in the steel and ferro alloys industry. He is responsible for project implementation and operations of our Sambalpur manufacturing plant.
Bhagwan ShawWhole-time Director
Bhagwan Shaw is a Whole-Time Director of our Company. He has been a Director of our Company since March 7, 2013. He has passed the secondary examination conducted by West Bengal Board of Secondary Education. Prior to his appointment as Director, he was manager (store) in our Company. He has 12 years of experience in the steel and ferro alloys industry. He is responsible for management and inventory control of stores and spares at our Sambalpur manufacturing plant.
Incorporation of Shyam SEL and Power Ltd. (SSPL).
Commercial production started at Sponge Iron plant, with 0.06 MTPA capacity
(1)This plant is of Shyam SEL and Power Limited.
Commercial production started at Sponge Iron plant, with 0.3 MTPA capacity.
Commercial production started at Iron Pellets, Billetes and Sponge Iron plant, with 0.59 MTPA capacity.
Expanded capacity of Sponge Iron plant.
Boosted the capacity of Ferro Alloy products, and the Sponge Iron plant by 0.13 MTPA.
Jamuria manufacturing plant
Established Captive Railway Siding.
Captive railway siding operationalized
Another Captive Power plant commissioned.
Growth in capacity of Sponge Iron and Billets plant by 0.38 MTPA, and Ferro Alloys products by 9 MTPA
Increased aggregate capacity of Billets by 0.27 MTPA
Boosted the capacity of Iron Pellets and Billets plant by 0.80 MTPA
Expanded capacity of Sponge Iron and Billets plant by 0.96 MTPA
Annual capacity including all intermediate products reached 2.90 MTPA
Expanded capacity of Sponge Iron, Billets, TMT and Wire Rods by 1.81 MTPA.
Increased capacity of Sponge Iron, Billets, Long products and Ferro Alloy products by 1.09 MTPA
Expanded the capacity of Captive Power Plant by 94 MW
Boosted the capacity of Pellets by 1.2 MTPA.
Expanded capacity of Captive Power Plant by 118 MW.
Further improved the capacity of Pellets, Sponge Iron, Billets and Long Products by 2.64 MTPA
Combined annual capacity of 5.71 MTPA reached.
Expanded capacity of TMT and Wire Rods further.
Annual capacity, including all intermediate products, reached 5.71 MTPA
Shyam Metalics Launched it’s IPO & got listed on both National Stock Exchange and Bombay Stock Exchange in June 20
Aggregate implemented capacity post IPO launch is 8.12 MTPA.
Launched S-E-L Tiger TMT Re-Bars
Launched the SEL Tiger Grills N Steels range of Light Structural Steel solutions.
Aluminium Foil – 40,000 TPA
Capacity Enhancement Plan
Pellet: 12,00,000 TPA
Sponge Iron: 7,16,100 TPA
Billet: 52,800 TPA
TMT, Structural, WRM, WDM: 2,04,000 TPA
Captive Power Plant: 40 MW
Note: • The assumptions and estimates taken specifically into account include the following: (1) sponge iron (direct reduced iron): capacity of each kiln in TPD X 330 days per year; (2) billet: capacity of each furnace in TPH X (24 hours per day/ heat cycle) X 330 days per year; 1 heat cycle = 3 hours; (3) ferro alloy products: furnace with 1 MVA capacity is equivalent to 1,555.56 TPA. The installed capacity of ferro alloy products may vary depending on the type of ferro alloy produced.
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