Metal producer Shyam Metalics introduced immediately its entry into the roofing section 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 have been buying and selling at ₹824.40 up by ₹5.45 or 0.67 per cent on the NSE immediately 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 challenge has an preliminary capability of 250,000 tons in its first part, with plans to succeed in a complete capability of 400,000 tons as soon as the second part is accomplished.
The SEL Tiger Roofing Sheets product vary contains 4 variants: SEL TIGER Royale, SEL TIGER ELITE, SEL TIGER AZURE, and SEL TIGER ALFA. These merchandise function corrosion resistance and excessive tensile power, concentrating on industrial, industrial, and residential functions.
Sheetij Agarwal, Director at Shyam Metalics, stated the enlargement reinforces the corporate’s dedication to “nation-building via high-quality and sustainable metal options.”
Shyam Metalics, which went public in 2021, presently 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 business.
