The company aims to increase its revenue 2.5 times to INR 40,000 crore and expand total production capacity from 15 million tons to 27 million tons over the next seven years.
Under the plan, SMEL intends to invest approximately INR 10,000 crore largely from internal resources to finance expansion in specialty steel, stainless steel, flat products, and aluminum segments. The focus of these investments will be downstream integration, technology modernization, and energy efficiency.
The company stated that the strategy will strengthen its position in high-value sectors such as defense, infrastructure, engineering, and railways, while backward integration in energy and mining will enhance operational efficiency.
Once the expansion is completed, EBITDA margins are expected to increase by 200–300 basis points due to operating leverage and a richer product mix. The plan is also projected to create around 10,000 new jobs and raise export revenues to USD 300 million.
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