the steel company also announced that it roped in bollywood superstar salman khan to promote its tmt bar brand shyam sel for two yearsshyam metalics on monday said it will invest rs 850 crore in the current fiscal as part of its rs 2960crore capital expenditure plan to double its steelmaking capacity and foray into the aluminium foil sectorthe steel company also announced that it roped in bollywood superstar salman khan to promote its tmt bar brand shyam sel for two yearsthe company is foraying into manufacturing of aluminium foil for the packaging industry with rs 300 crore capital expenditure capex an official said advt we will increase our integrated production capacity from the existing 571 mtpa to 1154 mtpa this includes enhancement of valueadded long steel capacity to 2 mtpa from 089 mtpa the capex for the current year will be rs 850 crore shyam metalics joint managing director sanjay agarwal saidroping in khan will help expand the footprint of the tmt bar brand in retail markets he said the company will raise the capacity of tmt product to 11 mtpa from 06 mtpa now agarwal said at least 75 per cent of the proposed expansion will be achieved by fy23 and the rest will be done by 2025 the official saidthe aggregated capital expenditure of all the projects would be rs 2960 crore of which the company had already spent rs 736 crore till the 2021 fiscal the steelmaker operates three manufacturing plants one in sambalpur in odisha and two in west bengals jamuria and mangalpurthe aluminium foil rolling mill complex in pakuria about 40 kms from kolkata will have a capacity of 40000 mt per annumalso readcopper slides to 1month low as evergrande crisis spurs sellingbenchmark copper on the london metal exchange was down 25 at 9079 a tonne at 1115 gmt prices of the metal used widely in the power and construction industries earlier touched 905250 a tonne the lowest since aug 20see more detailssolar industry demand raises temperature in silicon marketwood mackenzie expects a deficit of 92000 tonnes this year compared with a shortfall of 41000 tonnes last year it expects solar energy to account for 19 or 658000 tonnes of total demand this year compared with 598000 tonnes in 2020see more detailsnickel nears sevenyear high as market frets about supplytraders said profittaking after the new york open weighed on nickel on the london metal exchange lme which was down 02 to 19360 a tonne at 1600 gmt prices of the metal used in electric vehicle batteries touched 20705 a tonne last week its highest since may 2014see more details pti published on sep 27 2021 at 0748 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a