Shyam Metals' Odisha plant, located at Rengali, has been shut down due to pollution-related infractions, marking a significant milestone in the state for industrial closures due to similar offenses. (Business Standard)

The shares of Gallantt Ispat, CreditAccess Grameen, Shyam Metalics, and GCPL have increased following Q4 updates, with Gallantt seeing a jump of 13%. CreditAccess reports a 28% increase in disbursements, Shyam Metalics' steel sales are up by 59%, while GCPL anticipates a potential margin decline.

Shyam Metals demonstrates impressive growth in March 2026, with a significant 59% increase in stainless steel sales year-on-year, along with an 8.5% boost in aluminum foil volumes. Notably, pig iron sales skyrocketed by 245%. The company continues to maintain profitability and has been awarded a CRISIL AA rating for its long-term bank facilities, signifying stable creditworthiness.

Shyam Metals' Q4 and fiscal year 2026 sales showed robust growth, with pellet production increasing by 40%. However, the significant decrease in sponge iron output indicates a somewhat challenging operational situation.