Shyam Metalics and Energy Limited (SMEL) has expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Odisha. The expansion, completed in 2023, doubled the number of dedicated railway lines to four, including a lead line, three branch lines, and an engine escape line. The plant now handles over 110 rakes per month, but can only manage 60% of the increased demand for raw materials and finished goods.
Stock Market today: Tata Steel, JSW, Jindal Steel, SAIL share price have risen 6-46% in last six months. The steel demand remains strong and though steel prices trade in narrow range, are likely to have bottomed out, say analysts. Some pickup in exports also is expected soon.
Shyam Metalics & Energy Reports Consolidated Revenues Of ₹2940 70 Cr In Q2FY24 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Shyam Metalics And Energy Expands Its Portfolio With Acquisition Of Mittal Corp freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.