Shyam Metalics has strengthened its operations with a new iron ore beneficiation plant in Odisha. The company has invested INR 150 crore in the facility.
The project is expected to improve raw material quality and support future production growth. Shyam Metalics will also strengthen its backward integration strategy through this expansion.
The new plant is located at the company's integrated steel facility in Sambalpur, Odisha. It has an annual processing capacity of 1.5 million tonnes. The unit will help process low-grade iron ore into higher-quality material. This will improve resource use and reduce dependence on external supplies.
The beneficiation plant will upgrade low-grade iron ore before it enters the steelmaking process. Better-quality ore can improve production efficiency and lower operating costs.
The company expects the facility to support stable raw material availability. It will also reduce wastage by making better use of available iron ore resources.
The investment reflects the company's focus on improving operational efficiency. It also supports long-term cost management across its steel business.
"Commissioning of our 1.5 MTPA facility marks a transformative milestone for Shyam Metalics. This INR 150 crore facility is already delivering on its operational promises-maximising the value of our raw material base, lowering overall production costs, and immediately strengthening our bottom line," said Brij Bhushan Agarwal, Chairman and Managing Director, Shyam Metalics and Energy.
The new facility forms part of Shyam Metalics' wider expansion strategy. The company continues to invest in projects that improve capacity and strengthen its integrated operations.
Backward integration remains a key priority for the company. Producing more processed raw materials internally can reduce supply risks. It can also improve margins over time.
The plant is expected to support higher steel production as demand grows. Better raw material quality may also improve product consistency across operations.
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The beneficiation plant allows the company to extract greater value from lower-grade iron ore. This supports efficient resource utilisation and reduces material losses.
The investment also aligns with industry efforts to improve productivity through modern processing technologies. It strengthens the company's manufacturing base in Odisha.
The project demonstrates Shyam Metalics' continued focus on expanding its integrated steel operations. It also prepares the company for future capacity additions.
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