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The Economic Times

Economy / The Economic Times

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Shyam Metalics signs deal to invest over $5 billion in Maharashtra state

Shyam Metalics and Energy has signed an agreement with the Maharashtra government for a significant investment. This investment will establish a greenfield steel complex in Chandrapur with a capacity of 9 million metric tonnes per year. The project is expected to create approximately 30,000 jobs, which includes both direct and indirect employment. Operations for the new steel plant are anticipated to commence in the ongoing financial year, pending necessary approvals.

2 Oct 2026 3:02 pm