Report
Shyam Metalics signs deal to invest $5.19 billion in Maharashtra steel plant
The Economic Times, carrying a Reuters report, says the planned Chandrapur complex would have 9 million metric tonnes of annual capacity.
TLDR
Reuters reports, in The Economic Times, that Shyam Metalics and Energy signed an agreement with Maharashtra’s government to invest 500 billion rupees ($5.19 billion) in a steel complex in Chandrapur. The project is expected to create around 30,000 jobs, including 10,000 direct and 20,000 indirect roles. Operations were slated to begin in the financial year underway in October 2026, subject to approvals, clearances and incentives.
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