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Shyam Metalics forays into wagon manufacturing with new Kharagpur plant
Industry News- May 20,25
In phase 1, the new Kharagpur manufacturing facility will have a production capacity of 2,400 wagons per annum, while phase II will double the output to 4,800 wagons annually.
Kolkata
Shyam Metalics and Energy Ltd, one of the leading names in the metal industry, has forayed into the wagon manufacturing segment with a state-of-the-art greenfield facility at Kharagpur, West Bengal. The facility is developed under its step-down subsidiary, Ramsarup Industries Ltd, and is slated to commence operations by March 2026. This initiative aligns closely with the Government of India’s Make in India and Atmanirbhar Bharat visions, highlighting Shyam Metalics’ dedication to fostering self-reliance in critical infrastructure. It is also expected to generate significant employment opportunities, contributing meaningfully to regional economic growth.
The Kharagpur manufacturing facility will be developed in two well-structured phases to enable scalable growth and operational efficiency. Phase I will establish a production capacity of 2,400 wagons per annum (approximately 8 wagons per day), while Phase II will double the output to 4,800 wagons annually. Designed to support future capacity and capability upgrades, the plant will be equipped to produce a wide array of rolling stock including flat, open, box, hopper covered, tank, and specialised wagons.
A defining feature of the facility is its forward-thinking, sustainable design. It will feature rooftop solar installations to generate clean energy, along with an on-site residential colony and recreational amenities that promote employee well-being. The plant incorporates a world-class “Uni-Flow” manufacturing layout to ensure streamlined, high-efficiency production. Further reinforcing the Government of India’s Make in India vision, the facility will utilise domestically manufactured equipment to strengthen indigenous capabilities and drive industrial self-reliance.
Speaking on this pivotal expansion, Sheetij Agarwal, Director of Shyam Metalics and Energy Ltd, stated: “With our foray into wagon manufacturing, we are reinforcing Shyam Metalics’ vision of advancing India’s industrial self-reliance through high-impact, future-ready infrastructure. This facility reflects our commitment to innovation, sustainability, and nation-building. From harnessing rooftop solar energy to deploying Made-in-India technology, each element has been thoughtfully designed to maximise operational efficiency, minimise environmental impact, and enhance employee welfare. The Uni-Flow layout brings international manufacturing standards to our operations, allowing us to scale efficiently while delivering high-quality output. This marks a significant step in our evolution as a comprehensive, responsible provider of steel and mobility solutions for India’s infrastructure landscape.”
The unit’s location provides seamless connectivity via two National Highways and close access to a major port, making it a logistical powerhouse. Supported by Shyam Metalics’ integrated infrastructure including an operational railway siding, captive power facilities, and internal access to structural and stainless steel from its flagship steel plant, the unit is primed for efficiency and vertical integration.
This marks a strategic diversification of Shyam Metalics’ portfolio beyond steel into high-growth sectors, while advancing the company’s broader ESG objectives.
This greenfield initiative forms a cornerstone of Shyam Metalics’ well-defined five-year capex roadmap, reaffirming its long-term strategy to invest in infrastructure, innovation, and India’s industrial revival. Through this expansion into wagon manufacturing, Shyam Metalics strengthens its role in supporting national infrastructure goals while contributing to the vision of a self-reliant India.
Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel Industry in West Bengal, Odisha, Jharkhand and Madhya Pradesh with a focus on long steel products, ferro alloys, aluminium and stainless steel. The company got listed itself on the exchanges in 2021 and as on date of this press release possesses a market capitalization of Rs 252.33 billion. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India.
The company has the ability to sell intermediate and final products across the steel value chain. Shyam Metalics is one of the leading players in terms of pellet capacity and the largest coal fired player in the sponge iron industry in terms of sponge iron capacity in India.
Shyam Metalics
Sheetij Agarwal
rolling stocks
Kharagpur
Make in India
Ramsarup Industries
Wagons
Sustainable Design
Railways
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