India, May 2 -- One of India's fastest-growing integrated metal producers is pushing its expansion playbook up a gear. The company has unveiled a fresh Rs. 2,700 crore investment programme on top of an already-massive capex pipeline, targeting higher-margin product categories and deeper downstream integration - funded entirely from internal cash flows, with no new debt on the table.

With a market cap of Rs. 24,389 Crore, the shares of Shyam Metalics & Energy Ltd. closed at a price of Rs. 873.75 per share i.e. 0.82% down from its previous closing price of Rs. 881.9. It currently trades at P/E of 25.2.

Fresh Billions, Bigger Ambitions Shyam Metalics and Energy Limited (SMEL) has announced a Rs. 2,700 crore strategic expansion plan, addin...