Shyam Metalics awaits new West Bengal industry policy to deploy ₹10,000 crore

Exam-focused facts from the 21 May 2026 current affairs briefing.

Key facts

Shyam Metalics has proposed a total investment of ₹20,000 crore in West Bengal, of which ₹10,000 crore is already committed to ongoing projects.
The company is investing ₹4,000 crore to set up a specialty steel and wagon manufacturing plant at Kharagpur, likely to be commissioned this year.
Another ₹6,000 crore is being invested in a hot-rolled coil facility at Jamuria, expected to be completed in the next two years.
The remaining ₹10,000 crore will be deployed after the West Bengal government unveils new land, industry and incentive policies.
Shyam Metalics aims to triple its revenue by 2031 from the current ₹20,000 crore, double production capacity from 16 million tonnes, and raise employment to 50,000 from 25,000.