Shyam Metalics Share Price in Focus; Commences Commercial Production at Aluminium Foil Facility

Shyam Metalics and Energy Limited has announced that its step-down subsidiary, SMEL Steel Structural Pvt. Ltd., has commenced commercial production at its premium-grade aluminium foil manufacturing facility in Sambalpur, Odisha. 

Commercial production began on July 16, 2026, marking a key milestone in the company's expansion into value-added aluminium products.  

Aluminium Foil Facility Begins Commercial Production 

The newly commissioned facility manufactures premium-grade aluminium foil with a thickness range of 6 to 40 microns. 

Located at the company's Sambalpur plant in Odisha, the facility has an installed production capacity of 18,000 tonnes per annum (TPA) and forms part of Shyam Metalics' downstream aluminium business.  

Part of ₹800 Crore Expansion Plan 

Shyam Metalics is investing approximately ₹800 crore in its Sambalpur aluminium downstream project. 

The investment covers both the commissioned aluminium foil facility and an upcoming Aluminium Flat Rolled Products (FRP) manufacturing line, aimed at strengthening the company's value-added product portfolio.  

Project Expected to Improve Margins And Revenue 

According to the company, the project is expected to reduce India's dependence on imported packaging and industrial foils while diversifying its product portfolio. 

Shyam Metalics also expects the aluminium downstream business to improve operating margins by 40% to 50% and expand segment revenue by 2x to 2.5x, while creating employment opportunities and supporting industrial development in Odisha.  

FRP Facility Scheduled for September Launch 

The company said its Aluminium Flat Rolled Products (FRP) facility, with an installed capacity of 60,000 TPA and a thickness range of 0.3 mm to 4.0 mm, is in the final stage of readiness. 

Commercial production at the FRP facility is expected to commence by the end of September 2026, further expanding the company's aluminium downstream capabilities.  

Read More: Indobell Insulations Share Price Surges Over 19%; Secures ₹1.57 Crore Domestic Order From Sundaram Brake Linings! 

Shyam Metalics Share Price Performance 

As of 17 July, at 3:22 PM, Shyam Metalics and Energy share price was trading at ₹1,022 per share, reflecting a decline of 1.78% from the previous trading session. 

Conclusion 

The commencement of commercial production at the aluminium foil facility marks an important step in Shyam Metalics' downstream expansion strategy. With the upcoming FRP plant expected to become operational later this year, the company is strengthening its presence in India's value-added aluminium products market. 

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