The company is a producer of intermediate and long steel products, such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys products with a specific focus on high margin products, such as, customised billets and specialised ferro alloys for special steel applications.
The company intends to take its total capacity from 5.71 million tons per annum (mtpa) to 11.60 mtpa.
The company plans to set up ductile iron pipe capacity of 2 lakh tons per annum (ltpa), a blast furnace of 6 ltpa and aluminium foil capacity of 40000 tons per annum as part of its expansion plans, Brij Bhushan Agarwal, Vice Chairman and Managing Director, Shyam Metalics & Energy Ltd said during the launch of the Initial Public Offering.
SMEL has come out with its initial public offering of equity shares at a price band of ₹303–306 per equity share.
The total issue size is up to ₹909 crore with a fresh issuance of equity shares, aggregating up to ₹657 crore and an offer for sale of equity shares aggregating up to ₹252 crore by the selling shareholders.
The company also proposes to utilise a part of the proceeds from the fresh issue towards repayment of up to ₹470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd.
The company’s key strength lies in its integrated operations across the steel value chain and strategic locations of its manufacturing plants in Odisha and West Bengal which are well connected by railways, roadways and ports in the eastern region of India and are supported by infrastructure in terms of captive railway sidings and captive power plants.
هذه القصة مأخوذة من طبعة June 2021 من Steel Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 2021 من Steel Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Steel's Net Zero mission
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Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
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Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
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Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
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India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
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