Shyam Metalics & Energy Ltd. ( (IN:SHYAMMETL) ) has issued an update.
Shyam Metalics & Energy Ltd. announced that the National Company Law Tribunal (NCLT) in Kolkata has approved the amalgamation of its wholly owned subsidiary, Shyam Metalics Flat Product Private Limited, with its holding company, Shyam Sel and Power Limited. This strategic move is expected to streamline operations and enhance the company’s market positioning, pending the filing of the order with the Ministry of Corporate Affairs.
More about Shyam Metalics & Energy Ltd.
Shyam Metalics & Energy Ltd. operates in the metal and energy industry, focusing on products such as billets, wire rods, power, ferro alloys, pellets, sponge iron, TMT & structurals, and aluminium foil. The company is known for its brands SLTIGER and ShTIGER, and it has a significant presence in the Indian market.
YTD Price Performance: 9.90%
Average Trading Volume: 25,664
Current Market Cap: 230.6B INR
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