Indian integrated steelmaker Shyam Metalics and Energy limited (SMEL) has commissioned a new cold rolling mill (CRM) at its West Bengal facility, marking a major milestone in its ongoing $682 million expansion project, the company announced on Thursday 23 October.
The new cold rolling mill (CRM) with a total capacity of 400,000 tons per annum will produce pre-coated galvanized alloy and galvanized iron and steel coils, supporting SMEL's product diversification and value-added offerings in processing.
“Our entry into cold rolling will enhance our portfolio of value-added products and contribute around 8-10 percent to SMEL's overall revenue,” said Brij Bhushan Agarwal, Vice Chairman and Managing Director, SMEL.
Strategic expansion to strengthen steel supply in eastern India
Strategically located in eastern India, the plant offers significant logistics advantages and addresses the region's limited color coated sheet production capacity, meeting the growing demand for high-quality steel in residential, warehouse and industrial applications, it added Agarwal
The introduction of CRM follows SMEL's recent entry into the production of safety barriers, a key factor in road safety. steel structure segment. The company aims to produce 24,000 tons of barriers annually and capture 8-10 percent domestic market share by the end of the current financial year.
