Shyam Metalics invests in solar power, reports mixed october sales

Shyam Metalics and Energy Limited announced its strategic investment in Emerge Green Power Private Limited (EGPPL) by subscribing to 26,000 equity shares for a total of ₹75,01,260. This acquisition grants Shyam Metalics a 26% equity stake, establishing EGPPL as an associate and enabling the company to procure solar power at preferential tariffs for its manufacturing operations. EGPPL, incorporated on February 17, 2025, aims to set up a Solar Power Generation unit.

Concurrently, Shyam Metalics released its consolidated sales figures for October 2025. Carbon Steel sales increased by 0.75% year-on-year to 133,000 MT, though realisations decreased by 10.27%. CR Coil/CR Sheets saw an 1851.54% year-on-year increase in sales volumes to 13,050 MT, with realisations up by 34.65%.

Pellet sales volume rose by 43.13% year-on-year to 90,711 MT, with realisations increasing by 9.34%. However, Stainless Steel sales decreased by 2.47% to 6,372 MT, and Aluminium Foil sales fell by 11.59% to 1,369 MT year-on-year. Sponge Iron sales also declined by 16.31% to 83,960 MT, with realisations decreasing by 13.48%.