Shyam Metalics commences operations of the State-of-the-Art Coke Oven Plant at Jamuria, West Bengal

Shyam Metalics and Energy Ltd., a leading integrated metal manufacturing company in India, proudly announces the commencement of operations at its advanced Coke Oven Plant in Jamuria, West Bengal. The new facility began production, reflecting a significant step forward in the company's expansion and sustainability goals. Backward integration will enhance the company's bottom line by reducing costs and increasing control over the supply chain.

The coke oven plant which was heated for commissioning has begun receiving raw materials. It is comprised of two batteries, each containing 35 ovens. The factory will largely employ coal imported from Australia, Indonesia, and Russia to create high-quality coke. This coke will be used in Shyam Metalics' blast furnace, sinter plant, and ferroalloys facility, increasing production efficiency and quality across all facilities.

The new plant's eco-friendly features are one of its major highlights. The plant complies with strict environmental regulations and is friendly to the environment with its non-recovery type coke oven design, which ensures zero emissions. Furthermore, the waste heat recovery boiler (WHRB) facility will catch and use the flue gas released during the coke production process to generate electricity, increasing the plant's efficiency and reducing its impact on the environment.

Commenting on the development, Brij Bhushan Agarwal, Vice Chairman and Managing Director, of Shyam Metalics said, "The commissioning of the coke oven plant at Jamuria is a landmark achievement for Shyam Metalics as we strive ahead on the journey. This plant strengthens our dedication to being environmentally conscious while also improving our manufacturing capacity. Our emphasis on environmental responsibility is demonstrated using zero-emission non-recovery coke oven technology and the incorporation of a waste heat recovery system for power generation. We are confident that this plant will set new benchmarks for safety, efficiency, and sustainability in the industry."

Shyam Metalics and Energy is expected to further commission the blast furnace in this year. As part of Shyam Metalics' integrated steel and metal production, the Jamuria factory is set to play a key role in supporting the company's operations. With a focus on efficiency and safety, the company remains committed to balancing industrial growth with responsible practices, positioning itself for future advancements in the steel and metal industry.

Shares of Shyam Metalics and Energy Limited was last trading in BSE at Rs. 917.15 as compared to the previous close of Rs. 910.35. The total number of shares traded during the day was 15557 in over 855 trades.

The stock hit an intraday high of Rs. 920.90 and intraday low of 902.50. The net turnover during the day was Rs. 14214749.00.

Source : Equity Bulls

Keywords

ShyamMetalicsandEnergy OperationsCommencement CokeOvenPlant Jamuria WestBengal