(MENAFN- dentsu) Mumbai, National, 06th November, 2025: Shyam Metalics and Energy Limited (SMEL), on’ of India’s leading integrated multi metal-producing companies, is proud to announce that CRISIL Ratings Limited has upgraded the long-term rating of Shyam Metalics and Energy Limite‘ (SMEL) to ‘CRI’IL AA+‘Stable’ from ‘’RISIL AA/Positive’, while reaffirming the s‘ort-term r’ting at ‘CRISIL A1+’, signifying the highest level of creditworthiness in the short-term category.

This upgrade reflects Shyam Metalics Groups strong business risk profile, driven by healthy scale of operations and product diversification, while sustaining the strong financial risk profile and liquidity.

Key Highlights Driving the Upgrade

. Sustained Growth and Diversification: The Shyam Metalics Group has demonstrated consistent growth across its steel, ferro alloys, and power businesses, while successfully expanding into flat products, pig iron, aluminium, and stainless steel. The ongoing capacity expansion programme is expected to further strengthen scale, integration, and product diversification.

. Focus on Value-Added Products: The Company continues to enhance the share of finished and value-added products in its overall portfolio, supported by a clear focus on higher-margin offerings and operational integration across the steel value chain.

. Operational Integration and Efficiency:’span lang="EN-US"> SMEL’s operations are deeply integrated, covering the entire production chain from raw materials to finished steel. Backed by captive power generation, waste heat recovery, coal washery, and railway infrastructure, this integrated model enables cost efficiency, margin stability, and resilience against input price fluctuations. Captive power plants and waste heat recovery systems meet nearly 80% of power requirements, ensuring energy efficiency and margin stability with a cost of less than 3 per unit.

. Strong Financial Profile and Liquidity: The Group maintains a solid financial foundation with a healthy capital structure, robust liquidity, and a conservative approach to leverage. Expansion projects are being largely funded through internal accruals, reflecting prudent capital management and financial discipline.

. Robust Profitability and Healthy Metrics: Consistent operational performance, efficient cost structures, and an improving product mix continue to support healthy profitability and strong cash generation. Future capacity additions and diversification into higher-value products are expected to further enhance earnings quality.

. Prudent Capital Management: SMEL follows a disciplined approach to financial planning and capital allocation, maintaining a conservative leverage profile and strong liquidity position. Its prudent investment strategy ensures sustainable growth, stability, and consistent value creation for stakeholders.

. Effective Governance and Experienced Leadership: Guided by a professional management team and an experienced Board with a strong presence of independent directors, the governance framework is further strengthened by engagement with leading reputed statutory auditors, internal auditors and secretarial auditors, ensuring transparency, compliance, and accountability across all operations. SMEL upholds the highest standards of corporate governance. This framework fosters transparency, accountability, and strategic decision-making that drives long-term organizational excellence.

Mr. Brij Bhushan Agarwal, Chairman & Managing Director, Shyam Metalics & Energy Limited, commented: “We are delighted with CRIS’L’s recognition of our financial and operational resilience. The upgrade‘to ‘CRIS’L AA+’ underscores the strength of our business fundamentals, disciplined capital allocation, and consistent value creation for stakeholders. This milestone reinforces our commitment to maintaining a strong balance sheet while executing our strategic expansion plans with responsible corporate gov”rnance.”

About Shyam Metalics and Energy Limited

Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel Industry in West Bengal, Odisha, Jharkhand and Madhya Pradesh with a focus on Long Steel Products, Ferro Alloys, Aluminium and Stainless Steel. The company got listed itself on the exchanges in 2021 and as on date of this press release possesses a market capitalization of more than 24,750 Cr. Spearheaded by Mr. B. Bhushan Agarwal, Chairman and Managing Director, the company strives to deliver unparalleled quality through their customised value-added solutions to meet business requirements. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India (Source: CRISIL Report).

The company has the ability to sell intermediate and final products across the steel value chain. Shyam Metalics is one of the leading players in terms of pellet capacity and the largest coal fired player in the sponge iron industry in terms of sponge iron capacity in India. As on date, the aggregate installed metal capacity of its manufacturing plants is 15.13 MTPA (comprising intermediate and final products) and having 467 MW aggregated installed capacity captive power plants.

MENAFN06112025007072015201ID1110304338