India's Shyam Metalics up after boosting captive plant capacity

Shyam Metalics and Energy

22/06/2023 05:11

** Shares of Shyam Metalics and Energy Ltd  SHYE.NS  rise as
much as 2.4% to 356 rupees
    ** Ferro alloy maker on Wednesday said it has commissioned
captive power & sponge iron capacity at its manufacturing
facility in West Bengal
    ** Increased capacity of the plant by 90 MW to 357 MW
    ** Also boosted its sponge iron production by commissioning
capacity of 165,000 tons per annum (TPA), leading to total
capacity of ~2.7 MTPA
    ** About 66,616 shares change hands by 9:27 a.m. IST, vs
30-day avg of 343,884 shares - Refinitiv Data
    ** Stock up ~11% YTD


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))