Shyam Metalics Boosts Backward Integration

Shyam Metalics & Energy has commissioned a ₹150 crore, 1.5 MTPA beneficiation plant in Sambalpur, Odisha, strengthening its backward integration strategy. The facility will upgrade low-grade iron ore into premium feedstock, helping reduce raw material costs, improve operating margins, and enhance resource efficiency. The commissioning further supports the company's long-term capacity expansion and operational self-sufficiency.