With a purchase of Mittal Corp, Shyam Metalics enters the stainless steel industry.

Shyam Metalics, an Indian metal company, hopes to complete the acquisition of Mittal Corp. so it may expand into the stainless steel/wire rod & bar mill industry, which will help it diversify its metal offerings.

In order to map out the company’s growth trajectory, Shyam Metalics claimed to have started using a “diversification technique” in the metal industry. The company plans to invest an additional Rs 7,500 crore over the following five years.

According to the corporation, its integrated steel production capacity will rise from its current level of 8.85 MTPA to 14.45 MTPA, with a value-added Long Steel capacity increase to 2 MTPA from its current level of 1.47 MTPA.

This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close