Shyam Metalics Projects 3X Revenue Growth by FY29

Shyam Metalics and Energy Ltd, an integrated metal manufacturing company, aims for Rs 40,000 crore revenue by FY29. The company plans to achieve this through strategic expansion, product line diversification, and backward integration. Their entry into aluminum and stainless-steel segments highlights their value chain ambitions.

Shyam Metalics and Energy Ltd, an integrated metal manufacturing enterprise, announced on Wednesday its ambitious target of reaching Rs 40,000 crore in revenue by FY29.

The company attributes this projected growth to a forward-thinking strategy encompassing value chain expansion, a broader product line, and backward integration, enhancing operational efficiencies.

'Shyam Metalics foresees 3X revenue growth to Rs 40,000 crore by FY29,' the firm stated. The company's foray into the aluminum and stainless-steel markets is a key milestone, showcasing its execution capabilities and commitment to ascending the value chain.

Looking ahead, Shyam Metalics remains dedicated to delivering value to stakeholders through continuous innovation, strategic growth, and a focus on sustainable development.

(With inputs from agencies.)