Metal producer Shyam Metalics introduced at this time its entry into the roofing phase with the launch of SEL Tiger Roofing Sheets. The brand new product line is a part of the corporate’s ₹603 crore Greenfield Chilly Rolling Facility in Jamuria, West Bengal.
The shares of Shyam Metalics had been buying and selling at ₹824.40 up by ₹5.45 or 0.67 per cent on the NSE at this time at 1.55 pm.
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The PLI-approved facility, which started operations in September 2024, will produce GI/GL coils and Pre-Painted Galvalume Coils for roofing options. The mission has an preliminary capability of 250,000 tons in its first section, with plans to succeed in a complete capability of 400,000 tons as soon as the second section is accomplished.
The SEL Tiger Roofing Sheets product vary consists of 4 variants: SEL TIGER Royale, SEL TIGER ELITE, SEL TIGER AZURE, and SEL TIGER ALFA. These merchandise characteristic corrosion resistance and excessive tensile power, concentrating on industrial, business, and residential purposes.
Sheetij Agarwal, Director at Shyam Metalics, mentioned the enlargement reinforces the corporate’s dedication to “nation-building by means of high-quality and sustainable metal options.”
Shyam Metalics, which went public in 2021, at present has a market capitalization of ₹22,749 crore. The corporate is amongst India’s largest producers of ferro alloys and a significant participant within the sponge iron trade.
