Shyam Metalics & Energy, a leading producer in the metals and minerals sector, has announced its intention to install an integrated fabric plant of 9 mtpa in Chandrapur district, in the south of India. The project envisages the installation of 3,75 mtpa capacity for fabric in the initial phase and 5,25 mtpa capacity in the subsequent phase. The project will be carried out through primary material conversion on site, followed by smelting processes, coke production, and furnace process, followed by the engineering of iron production through furnace and narrow iron processes, culminating with the baking and continuous stamping and finishing of final works.

The entire process is designed to produce high-quality and added-value fabric for key sectors such as infrastructure, construction, automotive, military, electricity, renewable energy, and heavy machinery. The installation of this fabric center will have a great impact on direct employment, which will be approximately 10,000, and indirect employment of 20,000. This will require local education and formal training, providing career opportunities for local youth while stimulating a vast industrial system outside.

Additionally, the project will have the possibility of using truly ecological technologies such as waste energy recovery systems, water conservation systems, and liquid treatment systems for total and reusable reutilization. Brij Bhushan Agarwal, President and General Manager of Shyam Metalics & Energy, stated that 'Shyam Metalics' investment will be a catalyst for socio-economic transformation in the Vidarbha region.' The project will have an ideal foundation in the rich mineral resources of Chandrapur district and its strategic connection to fossil fuels such as coal, providing an ideal for the creation of a modern integrated fabric plant. The Maharashtra government, represented by IAS P Anbalagan, stated that 'Shyam Metalics' investment will be a catalyst for socio-economic transformation in the Vidarbha region.' The installation of a large fabric plant in Chandrapur will lead to regional industrial advancement, internal and external linkages for small, medium, and large local enterprises, and the opening up of a vast range of employment opportunities for local youth, stimulating an industrial system outside.