Shyam Metalics Commissions Advanced Blast Furnace and Sinter Plant to Boost Production in West Bengal

Shyam Metalics and Energy Ltd. (SMEL), one of India's leading integrated metal manufacturing companies in India, has officially commissioned a new blast furnace and launched a sinter plant at its Jamuria facility. With an investment of Rs. 600 crores, this significant new development aims to expand production capabilities to meet the growing demand for high-quality steel products across various industries.

The newly commissioned blast furnace has a capacity of 0.77 million tonnes per annum (MTPA), substantially increasing the plant's production capability. This blast furnace, with a volume of 550 cubic meters, is equipped with three top-fired stoves, modern coal dust injection technology, and a dry gas cleaning plant to optimize the steelmaking process. This enhancement is anticipated to boost steel production by 0.77 MTPA and improve margins by approximately Rs. 700/MTPA.

Commenting on this significant development, Mr. Brij Bhushan Agarwal, Vice Chairman & Managing Director of Shyam Metalics and Energy Limited, stated, "At Shyam Metalics, we have always strived for effective and continuous growth plans. The new blast furnace and sinter facility will improve India's steel production capability. This development demonstrates our commitment to encouraging industrial growth and creating employment opportunities in the region."

To improve operational efficiency, the plant has an 18 MW Top Gas Pressure Recovery Turbine (TRT), which contributes an additional 10% energy recovery. A specialized evaporative cooling system reduces water and power usage by about 20% when compared to conventional systems. Furthermore, the facility is designed for zeroprocess water discharge, to optimize process efficiency as part of the company's growth strategy.

In addition to the blast furnace, the company also launched a sinter plant with a capacity of 1.11 MTPA, designed to process iron ore fines into a feedstock suitable for the blast furnace. This addition is expected to increase operating efficiency and reduce production costs.

This brownfield expansion demonstrates Shyam Metalics' strategic emphasis on increasing production efficiency. The facility employs high top pressure (1.5 bar) and high-temperature hot blast (1200°C) technology, enabling greater coal injection and energy savings, with engineering support provided by SDM of China.

Shares of Shyam Metalics and Energy Limited was last trading in BSE at Rs. 838.60 as compared to the previous close of Rs. 838.95. The total number of shares traded during the day was 12936 in over 869 trades.

The stock hit an intraday high of Rs. 844.05 and intraday low of 819.25. The net turnover during the day was Rs. 10720948.00.

Source : Equity Bulls

Keywords

ShyamMetalicsandEnergy NewBlastFurnace Commissioned SinterPlant Jamuria