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“As India gets ready to set up Lithium-ion cell Giga-factories as part of the government’s production-linked incentive (PLI) scheme, we now foray into raw material space for Lithium-ion cell manufacturing. This strengthens the indigenization drive in the strategically important energy storage solutions sector,” the company said.

Shyam Metalics to make aluminium foils for lithium-ion batteries, stock gains

Shyam Metalics & Energy announced that Shyam Sel and Power (Material Wholly Owned Subsidiary) of the Company has incorporated a Wholly Owned Subsidiary Company in Netherlands named SHYAM GLOBAL B.V. on 08 September 2023 and registered on 11 September 2023 as per the extract received from Netherlands Chamber of Commerce. 

Shyam Metalics & Energy announces incorporation of subsidiary in Netherlands 

Two promoter entities- Narantak Dealcomm and Subham Buildwell, will sell up to 1.3 crore shares or 5.11 percent stake in the company  through the OFS in order to comply with SEBI's minimum public shareholding norms.

Shyam Metalics plunges 7% as OFS kicks off at 11.5% discount

ICICI Securities is bullish on Shyam Metalics and Energy recommended buy rating on the stock with a target price of Rs 690 in its research report dated August 12, 2023.

Buy Shyam Metalics and Energy; target of Rs 690: ICICI Securities

Shyam Metalics Consolidated June 2023 Net Sales at Rs 3,306.81 crore, up 2.59% Y-o-Y

There is a good chance that Nifty may hit a fresh all-time high this week, but 19,000 will be an immediate and critical barrier.

Hot Stocks | NLC India, Shyam Metalics, KIMS may deliver double-digit returns

The company sources ~ 75 percent of its power requirement from the captive plant

Shyam Metalics gains 2% after fresh production capacity goes on stream

Shyam Metalics Standalone December 2022 Net Sales at Rs 1,600.83 crore, up 41.34% Y-o-Y

Shyam Metalics has embarked on a diversification approach in the metal space to chart the company’s growth journey and has proposed to further invest Rs 7500 crore over the next five years. In order to meet the growth plans with organic and inorganic expansion, Shyam Metaliks present capex aims at growing to Rs 10,000 crore in the next five years, the firm said.

Shyam Metalics share price spikes after stainless steel business foray

Shyam Metalics Standalone September 2022 Net Sales at Rs 1,410.03 crore, up 21.81% Y-o-Y

Shyam Metalics & Energy Ltd. is engaged in the manufacturing and sale of ferro alloys, iron & steel products and power generation. The company was founded on December 10, 2002 and is headquartered in Kolkata, India.

Watchers	73
52-Wk Low	254.55
52-Wk High	494.35

Market Cap	112.13B
Volume (M)	518,144.00
52-Wk High	494.35
52-Wk Low	254.55

SHYAMMETL.NSE Shyam Metalics & Energy Ltd.

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