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History and Journey of Shyam Metalics

January 19th, 2023

“Indeed, if there is any one ‘secret’ to an enduring great company, it is the ability to manage continuity and change—a discipline that must be consciously practiced, even by the most visionary of companies.”- James Collins.

We started with a dream of becoming a self-reliant, self-sustaining driving force that shapes the nation’s growth with iron and steel. Shyam SEL and Power Limited was incorporated in the year 1991 under the leadership of Mr. Mahabir Prasad Agarwal. Incorporated in Kolkata, we gradually spread our wings over the western part of India. And ever since our inception, our journey has been constant which supports innovation and expansion as we pursue new landmarks.

2002 saw further diversification as we began with the commercial production at the sponge iron plant with 0.06 MTPA. This Mangalpur sponge iron plant now has grown to have a capacity of 60,000 TPA. Under the dynamic leadership of Mr. Brij Bhushan Agarwal, Shyam Metalics has augmented in the steel manufacturing sector by adding products across the value chain of steel products. He is also responsible for the way ahead plans, business development strategy, marketing, and various integral affairs of the company.

Our dedicated team and able leadership are responsible for our buildout that commenced in 2013 as we set up two more sponge iron plants at Sambalpur and Jamuria. Beginning with the production of iron pellets and billets holding capacities of 0.03 and 0.59 MW respectively, the Jamuria plant also saw expansion in the very same year. Another addition to our profile was the commissioning of a captive power plant at Jamuria to cater to the power needs utilising non-fossil fuels such as waste, rejects, heat generated from our operations.

2013 was one such crucial year as we set up two more sponge iron plants at Sambalpur and Jamuria with 0.03 and 0.59 MW, respectively. Beginning with the production of iron pellets and billets we also expanded the capacity of the sponge iron plant at Jamuria the very same year. And within two years the company began operating captive railway sidings at our Sambalpur Plant. We marked our presence in the power sector by commissioning a captive power plant at Jamuria.

The company surged over the years with the help of an amazing team and technological advancements. There’s been an upward trend in the capacity of sponge iron, billets, TMT, and wire roads considerably at our plants. In June 2021, we got listed on both the National and Bombay Stock Exchanges and. Post the IPO launch, we have significantly increased the aggregate implemented capacity of 8.12 MTPA and launch of light structural street solutions.

Our journey has been built on the basics of building a legacy of strength for the nation. With operations spanning over three decades, we stand strong as a leading metal-producing company in India.

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