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    SHYAMMETL — Shyam Metalics and Energy News Story

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    Brief: Shyam Metalics And Energy Expands Into Stainless Steel Flat Products

    Picture of Shyam Metalics and Energy logoShyam Metalics and Energy
    09/04/2024 14:08
    April 9 (Reuters) - Shyam Metalics and Energy Ltd
 SHYE.NS :
    * ANNOUNCES EXPANSION INTO STAINLESS STEEL FLAT PRODUCTS
    * ESTABLISHMENT OF NEW STAINLESS STEEL HOT ROLLED COILS
(HRC)
FACILITY AT EXISTING PLANT  IN SAMBALPUR
    * NEW FACILITY WITH CAPACITY OF 0.3 MILLION METRIC TONS PER
ANNUM
    * TO BOLSTER CAPABILITIES IN LONG PRODUCTS SECTOR, CO HAS
APPLIED
FOR ACQUISITION OF 20-ACRE LAND PARCEL AT MITTAL CORP
    * ESTIMATED CAPITAL OUTLAY FOR PROJECT TO BE IN RANGE OF
6.5-7.5
BILLION RUPEES

Source text for Eikon:  ID:nBSE4cKNfF 
Further company coverage:  SHYE.NS 

 ((Reuters.Briefs@thomsonreuters.com;))

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