Shyam Metalics Commissions Aluminium Foil Facility; FRP Plant to Launch by Sep 2026
Shyam Metalics has commissioned its Aluminium Foil facility in Sambalpur, Odisha, with an 18,000 TPA capacity. Its Aluminium FRP facility, with 60,000 TPA capacity, is set to launch by September 2026. The company is investing approximately ₹800 crore in these facilities and expects a 2x to 2.5x revenue growth.
The commissioning of the Aluminium Foil facility and the upcoming launch of the FRP facility represent a significant expansion and diversification for Shyam Metalics into value-added aluminium products. The projected revenue growth (2x to 2.5x) and enhanced operating margins indicate a material impact on the company's financial performance.
The announcement details the successful commissioning of a new Aluminium Foil facility and the upcoming launch of an Aluminium FRP facility, which are expected to significantly boost revenue and operating margins. This expansion into value-added products is a positive development for the company.
Shyam Metalics and Energy Limited (SMEL) has announced the commencement of commercial production at its Aluminium Foil facility in Sambalpur, Odisha, through its step-down subsidiary, SMEL Steel Structural Pvt. Ltd. This facility boasts an installed operational capacity of 18,000 tonnes per annum (TPA) and can manufacture foils with thicknesses ranging from 6 to 40 microns.
Furthermore, the company confirmed that its Aluminium Flat Rolled Products (FRP) facility is nearing completion and is slated for a commercial launch by September 2026. This FRP section will have an installed capacity of 60,000 TPA, catering to products with a thickness range of 0.3 to 4.0 mm. The total investment in these Aluminium facilities in Sambalpur is approximately ₹800 crore.
The company anticipates that these new ventures will enhance operating margins by approximately 40-50% and are projected to drive robust revenue growth, potentially doubling or even 2.5 times the company's topline through expanded market reach. Mr. Brij Bhushan Agarwal, Chairman and Managing Director of SMEL, stated that the foil production marks a significant milestone in building a downstream aluminium ecosystem, enabling the company to serve high-growth economic segments and unlock new revenue streams.
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Shyam Metalics and Energy Limited filed this with the NSE as a statutory disclosure, categorised under product launches. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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