After acquiring Mittal Corp through the corporate insolvency settlement procedure, Shyam Metalics and Energy expects the stainless steel company to generate revenues of USD 1 billion (CIRP).
Mittal Corp would invest INR 2,000 crore (USD 244 million), according to Brij Bhushan Agarwal, vice chairperson and managing director of Shyam Metalics, and there were plans for new goods and value addition. He predicted that within the next five years, earnings of $1 billion would be produced.
Pellets, sponge iron, billets, and value-added final goods like TMT bars, wire rods, and structural are among the company's diverse product offerings.
After buying Mittal Corp., Shyam Metalics plans to generate USD 1 billion in income from the stainless steel industry.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only