Shyam Metalics and Energy Limited, an Indian integrated metal-producing company, announced a new Rs 2,700 crore expansion to increase its production of high-margin, value-added steel.

This investment, funded through internal funds, targets completion by 2029. The company is moving toward a value-driven strategy to build stronger positions in sophisticated product categories.

The plan includes Rs 900 crore for a new specialty wire rod and bar mill to serve the automotive and infrastructure sectors. Another Rs 1,800 crore will expand stainless steel operations, including upgrades to melt shops, cold rolling facilities, and hot strip mills.

Chairman and Managing Director Brij Bhushan Agarwal said these projects aim to reduce import reliance and increase export competitiveness. This expansion is part of a larger capital expenditure pipeline totaling Rs 16,060 crore.