Shyam Metalics & Energy (SMEL) has unveiled a strategic growth expansion program with an investment of ₹2,700 crore (approximately $325 million USD). This initiative will enhance the company's higher-margin product offerings and is part of a broader ₹16,060 crore capex pipeline, of which ₹8,700 crore has already been invested. The remaining funds will be executed over the next 3 to 4 years. Brij Bhushan Agarwal, Chairman and Managing Director, emphasized that this growth phase focuses on value-led strategies rather than merely increasing capacity. The investment aims to bolster India's manufacturing capabilities and promote import substitution by advancing specialty steel and stainless steel products. The entire expansion will be funded through internal accruals, reflecting the company's robust financial position and disciplined growth approach. Agarwal expressed confidence that these initiatives will significantly enhance both topline growth and profit margins, aligning with India's industrial ambitions.