Shyam Metalics announces $1.1 billion expansion plan through FY31, funded by internal cash flows
By
The Hindu Bureau
Summary
Shyam Metalics & Energy Ltd has announced a $1.1 billion expansion plan through FY31 to scale its capacity to approximately 27 MTPA. The company plans to fund the expansion primarily through internal cash flows rather than debt, leveraging its net cash position and strong cash generation. With cash accruals exceeding ₹2,000 crore, the company asserts it can self-fund the expansion while maintaining a net cash balance sheet, as highlighted in a JM Financial report.
Source
Twitter / XShyam Metalics announces $1.1 billion expansion plan through FY31, funded by internal cash flowsthehindu.comKey quotes
· 3 pulledThe funding will be largely through internal cash flows rather than debt, the company said.
With cash accruals of over ₹2,000 crore, the company said it can fund the expansion on it's own.
JM Financial in a report said that the company remains committed to maintaining a net cash balance sheet, backed by strong operating cash flows and disciplined capital
You might also wanna read
Strive Plans $4.2 Billion ATM Expansion to Fund Bitcoin Treasury Purchases
Strive, a Bitcoin treasury company, is seeking to expand its capital-raising capacity by $4.2 billion through increases to its ASST and SATA
newsbtc.com·20d ago
Incodema3D's 14-Printer EOS Deal Signals Metal AM's Shift to Production-Scale Manufacturing
Incodema3D's investment in a 14-printer EOS deal, driven by demand from defense and energy sectors, signals that metal additive manufacturin
all3dp.com·20d ago
Mistral AI raises €1.7B in Series C funding led by ASML at €11.7B valuation
Mistral AI has raised €1.7 billion in Series C funding at an €11.7 billion post-money valuation, led by semiconductor equipment manufacturer
mistral.ai·9mo ago
Orbital Industries raises $50m Series B to accelerate AI-driven industrial hardware manufacturing
Orbital Industries has raised $50m (£37.3m) in Series B funding to scale its AI-driven approach to designing, engineering, and manufacturing
Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year | TechCrunch
Orbital Industries raises $50M Series B for AI-designed data-centre cooling and infrastructure
Orbital Industries (formerly Orbital Materials), a London-and-San-Francisco AI-materials startup, has raised $50 million in a Series B fundi
thenextweb.com·26d agoComments
Sign in to join the conversation.
No comments yet. Be the first.