Mumbai, December 30 (Udaipur Kiran): Shares of Shyam Metalics and Energy Ltd moved higher on Monday after its step-down subsidiary commenced commercial operations at a newly commissioned blast furnace and linear sinter plant. The stock was trading at ₹832.20, up by ₹14.20 or 1.74 per cent on the BSE.

The scrip opened at ₹818.10 and touched an intraday high of ₹833.65 and a low of ₹815.85. A total of 1,703 shares were traded during the session. The stock’s 52-week high stands at ₹1,000.90, recorded on July 31, 2025, while the 52-week low of ₹655.00 was hit on January 10, 2025. The company’s current market capitalisation is ₹23,039.54 crore.

Promoters hold a 74.59 per cent stake in the company, while institutional and non-institutional investors hold 12.28 per cent and 13.13 per cent respectively.

Shyam Metalics and Energy’s step-down subsidiary, Ramsarup Industries, has commenced commercial production at its newly established Modern Blast Furnace along with a Linear Sinter Plant. The facility became operational on December 30, 2025, and has an annual production capacity of 0.45 million tonnes.

The newly commissioned plant has been designed with a zero process water discharge system, enhancing sustainability and operational efficiency. The addition is expected to significantly strengthen the company’s manufacturing capabilities and support its long-term growth strategy.

Shyam Metalics and Energy is one of India’s leading integrated metal producers, with a strong presence in long steel products and ferro alloys.