Shyam Metalics signs Maharashtra MoU for proposed 9 MTPA, 50,000-crore Chandrapur steel complex

Shyam Metalics signed an MoU with the Government of Maharashtra to establish a proposed integrated steel complex in Chandrapur, with an estimated investment of 50,000 crore and total capacity of 9 MTPA. The project is planned in two phases and is expected to create approximately 10,000 direct and 20,000 indirect employment opportunities.

A joint venture commits capital and management time to an asset the company only part-owns.

• Capital commitment and ownership split
• Whether it is consolidated or equity-accounted
• We have set an ambitious goal to expand our stainless-steel production capacity to 0.7-0.8 million tons over t (management committed by FY27)
• The project is expected to be commissioned by mid-financial year 2026-27, with an estimated cost ranging from (management committed by H1 FY27)