Shyam Metalics and Energy Limited (SMEL), a leading integrated metal-producing company based in Kolkata, India, has announced the successful completion of its fundraise, amassing ₹1,385 crores through a Qualified Institutional Placement (QIP). This fundraise far exceeded expectations, with the total bid amount reaching ₹4,055 crores, representing a subscription of 3.5 times the funds received. Significant […]
Shyam Metalics and Energy Limited (SMEL), an integrated metal producing company based in Kolkata, has announced a significant increase in production capacities at its Jamuria manufacturing facility in West Bengal. The enhancement includes a substantial expansion of the company’s captive power plant capacity by 90MW, jumping from 267MW to 357MW. Presently, the company sources approximately […]
