Shyam Metalics gains 3% on commissioning blast furnace & sinter plant in WB

Quick Summary:

The company invested Rs 600 crore for the project and it aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.

Around 1:21 PM, Shyam Metalics shares were up 2.49 per cent at Rs 859.5 per share on BSE.

To improve operational efficiency, the plant has an 18 MW top gas pressure recovery turbine (TRT), which contributes an additional 10 per cent to energy recovery.

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Category: BusinessFinance

Markets: India

Topics: Stock market today Markets Bse Sensex Nifty Shyam metalics share Nse Shyam metalics

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Published On: 2024-11-05 @ 13:38:42 (2 weeks ago)

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News Source URL: business-standard.com

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