Shyam Metalics Begins Operations at State-of-the-Art Coke Oven Plant in Jamuria

Team FS

    16/Oct/2024

What's covered under the Article:

Shyam Metalics starts production at its new state-of-the-art coke oven plant in Jamuria, West Bengal.

The plant features zero-emission non-recovery coke oven technology, reducing environmental impact.

The facility will boost Shyam Metalics’ production capacity and enhance sustainability through waste heat recovery for power generation.

Shyam Metalics and Energy Ltd., a leading integrated metal manufacturing company, has proudly commenced operations at its advanced Coke Oven Plant located in Jamuria, West Bengal. This new facility represents a significant milestone in the company’s expansion efforts, as well as its ongoing commitment to sustainability. The plant is designed with state-of-the-art technology that not only enhances production capacity but also aligns with the company’s environmental goals by reducing emissions and improving operational efficiency.

Backward integration is one of the key advantages of this new plant. By producing high-quality coke in-house, Shyam Metalics aims to reduce dependency on external suppliers, thus lowering costs and giving the company greater control over its supply chain. The plant is expected to enhance overall profitability, supporting the company's long-term growth strategy.

The coke oven plant is equipped with two batteries, each containing 35 ovens, and will use imported coal from Australia, Indonesia, and Russia to produce the necessary coke for Shyam Metalics' blast furnace, sinter plant, and ferroalloys facility. This is expected to improve production efficiency and product quality across the company's entire portfolio.

Eco-Friendly Technology:

One of the standout features of this plant is its non-recovery coke oven design, which ensures zero emissions during the production process. This innovative approach allows Shyam Metalics to meet stringent environmental regulations while setting new benchmarks for sustainability in the steel industry. Additionally, the plant includes a waste heat recovery boiler (WHRB) system, which captures the flue gas generated during coke production to create electricity. This not only increases the facility’s energy efficiency but also further reduces its environmental footprint.

In his remarks, Brij Bhushan Agarwal, Vice Chairman and Managing Director of Shyam Metalics, expressed his pride in this achievement. He stated, "The commissioning of the coke oven plant at Jamuria is a landmark in our journey towards expanding our operations while maintaining a strong focus on sustainability. The use of zero-emission coke oven technology and the incorporation of waste heat recovery systems demonstrate our commitment to balancing industrial growth with environmental responsibility."

Future Expansion Plans:

Looking ahead, Shyam Metalics plans to further strengthen its production capabilities by commissioning a blast furnace later this year. This expansion is part of the company's broader strategy to bolster its position as a leading player in the steel and metal industry. The Jamuria facility will play a crucial role in supporting the company’s integrated steel production process, positioning Shyam Metalics to meet the increasing demand for high-quality steel products.

Shyam Metalics’ Market Position:

As one of India’s fastest-growing integrated metal producers, Shyam Metalics focuses on the production of long steel products and ferroalloys, primarily catering to markets in West Bengal and Odisha. Since its listing on the stock exchanges in 2021, the company has seen remarkable growth, achieving a market capitalization of over Rs. 25,000 Cr. With a robust commitment to quality and sustainability, Shyam Metalics has positioned itself as a leader in the ferroalloys and sponge iron segments.

The company’s dedication to innovation and efficiency, coupled with its environmental focus, sets it apart in the Indian steel industry. Shyam Metalics is also a major player in the pellet and sponge iron sectors, with large-scale coal-fired sponge iron capacity. By leveraging these assets, the company aims to drive growth while adhering to responsible business practices.

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This plant marks a new chapter for Shyam Metalics as the company continues to balance innovation, growth, and sustainability in the competitive steel and metal industry.

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