Shyam Metalics and Energy

What Shyam Metalics and Energy does

Shyam Metalics and Energy Limited is an Indian integrated metal producer founded in 2002 and headquartered in Kolkata, with seven manufacturing facilities across Odisha, West Bengal, Madhya Pradesh, and Jharkhand producing carbon steel, stainless steel, ferro alloys, aluminium flat rolled products and foils, and railway wagons. The company operates a fully vertical ore-to-metal model spanning iron ore pellets, sponge iron, pig iron, and billets through to branded finished products, including SEL Tiger TMT bars manufactured with licensed German THERMEX Quenching technology and proprietary Tiger Bond rib design. Power self-sufficiency is a defining feature, with 487 MW of captive generation meeting 83% of energy needs, supplemented by 15 MW solar and 5.1 MW wind installations, and Zero Liquid Discharge systems across operations.

The company sells primarily through enterprise direct sales to infrastructure, construction, automotive, and industrial customers, complemented by a pan-India distributor and dealer network and direct exports to 30+ countries across Asia, Europe, the Middle East, Africa, and Latin America. Pricing is quote-based and contract-driven for bulk B2B orders, with multi-year contracts for major accounts. FY26 consolidated revenue was Rs 18,552 crore, with a stated target of Rs 42,500 crore by FY31 (18% CAGR). The portfolio is being repositioned from scale-led long products toward value-added downstream segments, evidenced by Phase II CRM commissioning, aluminium FRP/foil capacity additions, stainless steel expansion, and an SBQ wire rod/bar mill project, together totalling a $1.1 billion expansion plan to scale capacity from 15 MTPA to ~27 MTPA by FY31.

Name

Shyam Metalics and Energy

Legal name

Shyam Metalics and Energy Limited

Website

https://shyammetalics.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shyam Metalics and Energy is an Indian integrated metal producer operating seven plants that manufacture carbon steel, stainless steel, ferro alloys, and aluminium foil products for infrastructure, construction, automotive, and industrial customers across India and 30+ export markets.

Ownership category

akta.pro rank

Product category

Integrated Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Aluminum Sheet, Plate, and Foil Manufacturing (331315)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industries

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Aluminum Wire Rod & Conductors (IMAKACAH)

Keywords

• Integrated steel manufacturing
• Ferro alloys production
• Aluminium foil manufacturing
• TMT bar production
• Stainless steel products

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Products Sales: Revenue from integrated steel products including TMT bars, structural steel, wire rods, billets, pellets, and sponge iron sold to infrastructure, construction, automotive, and industrial sectors.
2. Ferro Alloys: Production and sale of ferro alloys (Ferro Manganese, Ferro Chrome, Silico Manganese, Ferro Silicon) to domestic steelmakers and export markets.
3. Stainless Steel Products: Stainless steel billets, hot rolled bars, bright bars, wires, welding wires, and rebars for industrial applications.
4. Aluminium Foil: Aluminium flat rolled products and foils for food-grade packaging, pharmaceutical, and industrial applications. Company is among top aluminium foil exporters in India.
5. Railway Wagons: Manufacturing of railway wagons for freight transportation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Shyam Metalics is an integrated metal producer that manufactures carbon steel, stainless steel, ferro alloys, aluminium foil/flat rolled products, and railway wagons from iron ore through captive ore-to-metal operations. Its branded SEL Tiger range includes TMT bars made with German THERMEX Quenching technology, structural steel, wire rods, crash barriers, roofing sheets, stainless steel rebars, wires, bright bars, and welding wires. The company operates 7 manufacturing plants across Odisha, West Bengal, Madhya Pradesh, and Jharkhand with 487 MW of captive power meeting 83% of its energy needs.

Product overview

Shyam Metalics and Energy is an integrated metal conglomerate operating a fully ore-to-metal manufacturing model with diversified portfolio spanning carbon steel, stainless steel, ferro alloys, aluminum foil, and long steel products. The company's product portfolio includes: Iron ore pellets, sponge iron, pig iron, and billets as raw material and intermediate inputs; finished carbon steel products under the SEL Tiger brand including TMT bars (Fe 550 D grade using German THERMEX technology), structural steel sections (angles, channels, beams), wire rods, and crash barriers; stainless steel products including billets, wires, welding wires, bright bars, hot rolled bars, and rebars in various ASTM grades; ferro alloys (Ferro Manganese, Ferro Chrome, Silico Manganese, Ferro Silicon) manufactured across 20 furnaces; and aluminum products including flat rolled products, foil, and battery foil. The company also operates captive power generation (487 MW, 83% self-sufficiency) and renewable energy (15 MW solar, 5.1 MW wind) facilities. Manufacturing operations span seven plants across Odisha, West Bengal, Madhya Pradesh, and Jharkhand with strategic railway siding infrastructure. The portfolio is transitioning from scale-led to value-added products with ongoing capacity expansions in stainless steel, specialty steel, aluminum downstream, and CRM/coated products.

Differentiator

Problem solved

Functional benefit

Brands

• SEL Tiger: Flagship brand of Shyam Metalics offering TMT bars, structural steel, wire rod, roofing sheets, foil, and stainless steel rebars
• Shyam SEL and Power Limited
• Smel Steel Structural

Products and services

• Iron Ore Pellets Agglomerated balls of iron ore fines produced through pelletization, used as feedstock for blast furnaces and DRI plants with uniform size, high strength, and superior metallurgical properties.
• Sponge Iron High-quality sponge iron produced by coal-based DRI process with high metallisation, low impurities, and high reactivity for use as a scrap substitute in steelmaking.
• Pig Iron High-carbon intermediate smelted from iron ore using coke and fluxes in blast furnaces, containing 3-4% carbon; used as feedstock for steel and cast iron products.
• Billets Semi-finished steel with square cross-sections (100x100 to 160x160 mm) produced through induction furnaces and continuous casting, conforming to BIS IS:2830 standards.
• SEL Tiger TMT Bars Fe 550 D grade TMT bars in diameters 8-40 mm manufactured using German THERMEX Quenching technology with Tiger Bond Rib Design, conforming to IS 1786 standards for seismic and high-strength applications.
• Structural Steel Hot-rolled sections including angles, channels, beams, and flats produced from in-house billets with ~0.20 MTPA capacity, conforming to IS 2062:2011 standards.
• Wire Rods Precision-engineered wire rods and HB wires in sizes 5.5-12 mm for binding wires, galvanized wire, barbed wire, armoured cables, nuts, bolts, nails, and wire ropes.
• SEL Tiger Crash Barriers IRC and MoRTH compliant W-beam and Thrie-beam crash barriers with minimum yield strength of 500 N/mm², including standard single beam, double beam, and railway guard rails.
• Ferro Alloys (Ferro Manganese, Ferro Chrome, Silico Manganese, Ferro Silicon) High, Medium, and Low Carbon variants of Ferro Manganese, Ferro Chrome, Silico Manganese, and Ferro Silicon including Low and Ultra-Low Phosphorus grades, used as alloying inputs for carbon, stainless, and specialty steels.
• Stainless Steel Billets Continuous cast stainless steel billets in 140x140 mm and 160x160 mm square sections with automatic mould control and ultrasonic testing; available in ASTM grades AISI 201-431 and welding grades ER 307-ER 310.
• Stainless Steel Wires SS wire range including medium/thick wires, core wires, cold-heading wires, electro-polish wires, spring wires, rope wires, and redraw wires in sizes 0.70-15.00 mm.
• Stainless Steel Welding Wires Stainless steel welding wires for TIG (0.80-1.60 mm), MIG (0.80-1.60 mm), and SAW (1.60 mm and above) processes, manufactured in-house from melting to final winding.
• Stainless Steel Bright Bars Cold drawn and surface-treated stainless steel bright bars with size range 5-100 mm, tolerance classes h8-h11, and polished finish for fasteners, shafts, automotive, and food-grade equipment.
• Stainless Steel Hot Rolled Bars Hot-rolled stainless steel bars with smooth finish and regulated chemistry in diameter 20-100 mm, for fabrication, automotive, and heavy machinery applications.
• Stainless Steel Rebar Corrosion-resistant stainless steel reinforcement bars for construction in coastal and industrial environments; BIS-approved 410L grade and various ASTM classifications in sizes 6-32 mm.
• SEL Tiger Roofing Sheets Branded roofing sheets in SEL TIGER (ultra-premium colour-coated), ELITE (premium colour-coated), AZURE (Galvalume), and ALFA (cost-effective corrugated Galvalume) variants with 10-year warranty.
• Aluminium Foil (Bare, SEL Tiger Foil, Battery Foil) Bare aluminium foil, SEL Tiger branded food-grade foil, and battery foil in 6-15 micron thickness range, processed using annealing furnaces and 2300 mm vertical foil separator.
• Aluminium Flat Rolled Products Aluminium flat rolled products manufactured at Sambalpur with 60,000 TPA capacity, marking entry into high-margin value-added downstream aluminium segments.
• Railway Wagons Railway wagons manufactured for freight transportation of steel products and materials.
• Cold Rolling Mill (CRM) Facility - Phase II Colour Coated Sheets CRM facility at Jamuria producing colour coated sheets, galvalume products, and GI products through a Dual Pot GI-cum-Galvalume line with total CRM capacity of 0.40 MTPA, serving solar energy, automotive, and consumer durables sectors.
• Long & Speciality Wire Rod and Bar Mill at Kharagpur Speciality wire rod and bar mill planned at Kharagpur for long and special steel products targeted at high-value industrial applications.

Quantifiable outcome

• 18% revenue CAGR to Rs 42,500 crore by FY31
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and major.

• Emerge Green Power Private LimitedminorStrategic or Co-development Partner · 18 June 2026Acquired 26% equity stake for Rs 75,01,260 enabling qualification as captive user under Electricity Act 2003. Allows procurement of solar power at preferential tariffs, reducing energy costs and improving EBITDA margins through renewable energy usage in manufacturing.
• Mittal Corp LtdmajorStrategic or Co-development Partner · 21 December 2022Acquired through NCLT-led resolution process for Rs 450 crore. Marked Shyam Metalics' entry into stainless steel business and expanded manufacturing capacity in Madhya Pradesh.

Scale indicators16 records

Recent moves12 records

Expansion highlights5 records

Emerging players

• APL Apollo Tubes: Leading Indian structural steel tube manufacturer with growing downstream value-added portfolio; competing with Shyam in branded structural steel and roofing sheet segments for the construction market.

Broad incumbents

• Hindalco Industries: Aditya Birla group flagship producing aluminum flat rolled products and copper; competes directly with Shyam's aluminum foil/FRP business in food-grade foil and downstream packaging markets.
• Vedanta Limited: Diversified metals and mining major with steel (through VAB/ESL), aluminum, zinc-lead and copper operations. Adjacent competitor across aluminum flat products, ferro alloys and stainless steel inputs.

Direct peers

• Jindal Steel & Power: Integrated steel producer with captive iron ore and power, operating in rails, plates, structurals and TMT bars. Comparable in vertical integration, mineral-belt location (Odisha), and rail/infrastructure customer mix.
• Tata Steel: Integrated steel producer with broad portfolio spanning flat steel, long products, stainless steel and ferro alloys; competes directly with Shyam Metalics in TMT bars, structural steel, stainless steel and exports to global customers like Thyssenkrupp-aligned buyers.
• Maithan Alloys: Indian ferro alloys producer (ferro manganese, silico manganese, ferro silicon) competing directly with Shyam Metalics' ferro alloys division both in domestic Indian and export markets.
• JSW Steel: India's largest integrated steel producer with comparable ore-to-finished-steel operations, multi-product portfolio (coils, TMT, structural), captive power and a major FY31 capacity expansion roadmap. Direct competitor in carbon steel and downstream value-added products.
• Steel Authority of India Limited (SAIL): Public-sector integrated steel producer operating blast furnace and downstream facilities across India; competes in TMT bars, structural steel, railway-grade steel and billets with similar infrastructure-driven customer base.

Regional players

• National Aluminium Company (NALCO): Indian public-sector aluminum producer from bauxite to primary metal. Competes in upstream aluminum supply chain relevant to Shyam's downstream foil/FRP expansion strategy, particularly in domestic Indian markets.

Others

• NMDC Limited: India's largest iron ore miner; a key upstream supplier to integrated steel producers. Relevant as a feedstock counterparty and benchmark for input cost dynamics affecting Shyam's integrated operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ShyamMetalics
• YouTubeyoutube.com/channel/UC_n2w-nxhqLg7HWWyRARPQg
• Facebookfacebook.com/ShyamMetalicsOfficial
• LinkedInlinkedin.com/company/shyammetalics
• Instagraminstagram.com/shyammetalicsofficial

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shyam Metalics and Energy