As per reports, Shyam Metalics to invest about Rs 7,500 crore over the next 4-5 years to scale up its metal business, it has recently acquired Mittal Corp Ltd in an NCLT-led resolution process. Mittal Corp’s acquisition cost is about Rs 450 crore, and they have stated that they have outbid Jindal Stainless, the competitor for the sick asset put under the NCLT resolution process. The company has a plant in Odisha and was contemplating a beneficiation plant there to reduce cost and raw material security. It is expected that the salable capacity of the company would rise up to 3.6 million tonnes from 2.1 million tonnes by 2025. The company in 2021 took over an aluminium foil plant in Giridih. It also took over sick steel maker Ramsarup Industries in an NCLT-led resolution.