Brief: Shyam Metalics And Energy To Conclude Acquisition Of Mittal Corp

Shyam Metalics and Energy

20/12/2022 13:49

Dec 20 (Reuters) - Shyam Metalics and Energy Ltd
 SHYE.NS :
    * TO CONCLUDE ACQUISITION OF MITTAL CORP
    * AIMS AT EXPANDING EXISTING 8.85 MTPA PRODUCTION CAPACITY
TO
14.45 MTPA
    * TO GENERATE ADDITIONAL 10,000 JOBS IN PLANTS SITUATED IN
WEST
BENGAL AND ODISHA
    * CAPEX SPENDING SHALL GROW TO 100 BILLION RUPEES IN NEXT 5
YEARS

Source text for Eikon:  ID:nBSE14QJDL 
Further company coverage:  SHYE.NS 
 ((Reuters.Briefs@thomsonreuters.com;))