Shyam Metalics, a steel manufacturer, has announced its foray into the roofing segment with the launch of SEL Tiger Roofing Sheets. This new product line is a part of the company’s ₹603 crore Greenfield Cold Rolling Facility located in Jamuria, West Bengal.
At 1.55 pm today, Shyam Metalics’ shares were trading at ₹824.40, showing an increase of ₹5.45 or 0.67 per cent on the NSE.
The PLI-approved facility, operational since September 2024, will manufacture GI/GL coils and Pre-Painted Galvalume Coils for roofing solutions. In its initial phase, the facility has a capacity of 250,000 tons, with plans to expand to 400,000 tons in the second phase.
The SEL Tiger Roofing Sheets product range includes four variants: SEL TIGER Royale, SEL TIGER ELITE, SEL TIGER AZURE, and SEL TIGER ALFA. These products are designed with corrosion resistance and high tensile strength for use in industrial, commercial, and residential applications.
Sheetij Agarwal, Director at Shyam Metalics, emphasized that this expansion reflects the company’s commitment to providing high-quality and sustainable steel solutions for the nation.
Having gone public in 2021, Shyam Metalics currently boasts a market capitalization of ₹22,749 crore. The company is a major producer of ferro alloys in India and a significant player in the sponge iron industry.
The company’s latest move into the roofing market signifies its strategic growth and diversification in the steel industry.
