Shyam Metalics ventures into roofing market with new product line
Steel manufacturer Shyam Metalics announced today its entry into the roofing segment with the launch of SEL Tiger Roofing Sheets. The new product line is part of the company’s ₹603 crore Greenfield Cold Rolling Facility in Jamuria, West Bengal.
The shares of Shyam Metalics were trading at ₹824.40 up by ₹5.45 or 0.67 per cent on the NSE today at 1.55 pm.
The PLI-approved facility, which began operations in September 2024, will produce GI/GL coils and Pre-Painted Galvalume Coils for roofing solutions. The project has an initial capacity of 250,000 tons in its first phase, with plans to reach a total capacity of 400,000 tons once the second phase is completed.
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 feature corrosion resistance and high tensile strength, targeting industrial, commercial, and residential applications.
Sheetij Agarwal, Director at Shyam Metalics, said the expansion reinforces the company’s commitment to “nation-building through high-quality and sustainable steel solutions.”
Shyam Metalics, which went public in 2021, currently has a market capitalization of ₹22,749 crore. The company is among India’s largest producers of ferro alloys and a major player in the sponge iron industry.
