Shyam Metalics to Bolster Steel Production with ?3,678 Crore Flat Steel Complex in Nellore

Iron & Steel Sector News India

Shyam Metalics and Energy Limited has announced plans to establish a greenfield flat steel manufacturing complex in the Nellore district of Andhra Pradesh, involving a capital outlay of ?3,678 crore. This strategic expansion aims to capitalize on the rising downstream industrial demand and the surge in national infrastructure projects. By venturing into flat steel production—a segment critical for automotive, consumer durables, and heavy engineering industries—the company is set to significantly diversify its product portfolio beyond its traditional long steel dominance.

Note: The above-mentioned news was first published by us in our ProjectX India | 1st May 2026 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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