Monday, 5 October 2026Updated 16m ago
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Expansion▲ Bullish for Shyam Metalics and Energy

Shyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra

1 source · first seen 11:06 5 Oct · updated 11:06 5 Oct

The brief

Written from 1 report · check the source before you trade
  • Shyam Metalics signed an MoU for a 9-MTPA steel complex in Chandrapur, Maharashtra
  • The ₹50,000-crore project will be built in two phases and create 30,000 direct and indirect jobs
  • The proposed capacity expansion could benefit Shyam Metalics, subject to approvals and project execution

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Shyam Metalics and Energy₹1,047.80 · 1 todayMaharashtra1 todaySteel2 todayMetals and mining13 todayManufacturing8 today
Part of a developing story2 updates over 4 days

Shyam Metalics signs deal to invest over $5 billion in Maharashtra

Monday, 5 October

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    Shyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra

Friday, 2 October

  1. 3 sources
    Shyam Metalics signs deal to invest over $5 billion in Maharashtra

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Read the reports

1 report · earliest 11:06
Business StandardShyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra11:06