Shyam Metalics Plans ₹4,500 Crore Fundraise

Shyam Metalics and Energy Ltd.

is planning to raise ₹4,500 crore through various financial instruments.

The company recently reported a 7% increase in profit to ₹311.54 crore for the first quarter of the financial year 2026-27.

The company's revenue from operations also increased to ₹5,455.09 crore.

Additionally, the company declared an interim dividend of ₹1.80 per equity share.

However, one of its subsidiaries received a provisional attachment order from the Enforcement Directorate related to an ongoing investigation into alleged illegal coal mining.

The management refutes these allegations and is pursuing legal recourse.