Shyam Metalics announces ₹20,000 crore investment push in Bengal

Published on 5/20/2026, 5:34:29 AM

Key points

Shyam Metalics, one of the country’s leading metal conglomerates, on Tuesday (May 19) announced Rs 20,000 crore investment in West Bengal in the coming years.
The company’s Chairman and Managing Director said they are hoping for an easier path ahead for industrial growth after the change in government.
“We employ over 25,000 people in Bengal and we plan to increase it to at least 45,000 in the next few years.
With the new era in the State, we think a lot of central funds will come for better development,” CMD, Brij Bhushan Agarwal said on Tuesday.
They are also set to launch a railway manufacturing unit in Kharagpur and will invest at least ₹4,000 crores in this project in the coming years.

Quick context: Shyam Metalics, one of the country’s leading metal conglomerates, on Tuesday (May 19) announced Rs 20,000 crore investment in West Bengal in the coming years.

Published May 20, 2026.

📌 Source: The Hindu

The BriefWire