Latest News | Shyam Metalics Plans Rs 450 Cr Investment to Set Up Aluminium Project in Odisha

New Delhi, Mar 21 (PTI) Shyam Metalics on Wednesday announced plans invest Rs 450 crore to set up a greenfield aluminium project in Odisha.

The company plans to produce aluminium flat rolled products from the proposed project, which will have an annual capacity of 60,000 metric tonnes, Shyam Metalics said in a statement.

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"Shyam Metalics shall foray into the greenfield expansion of aluminium flat rolled products. The investment estimated is Rs 450 crore for the expansion," the statement said.

The project is expected to generate 1,000 direct and in-direct employment opportunities, the company said.

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Kolkata-based Shyam Metalics is a metal-producing group with focus on steel products, ferro alloys, stainless steel, and aluminium.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)