- CEO
- Aditya Vimalkumar Agarwal
- Full Time Employees
- 10
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Century House Kolkata WB India 700088
- IPO Date
- Jul 28, 2015
- Business
- Shyam Century Ferrous Limited manufactures ferro alloys and generates power for captive consumption in India. Incorporated in 2011 and headquartered in Lumshnong, East Jaintia Hills, Meghalaya, the company operates a manufacturing facility at Byrnihat, Meghalaya, equipped with 27 MVA submerged arc furnaces supporting an annual ferro silicon production capacity of approximately 21,600 metric tons and a 13.5 MW captive power plant. It sells ferro silicon, a key input for stainless steel and mild steel production, primarily across domestic markets, serving steel manufacturers through long-term customer relationships that enable premium pricing amid market volatility.
The company's core offerings center on high-quality ferro silicon produced via energy-efficient submerged arc furnace technology, complemented by in-house power generation to mitigate regional electricity constraints. Its strategic location in North-East India provides access to proximate raw materials such as coal, lam coke, and quartz, while also enabling production flexibility for other ferro alloys like silico-manganese. With 125 employees as of March 2024, Shyam Century Ferrous maintains a credit rating of BBB+ (Stable) for long-term borrowings from ICRA, reflecting operational resilience despite sector challenges.
In recent developments, the company commenced operations of its third furnace in September 2024 to expand capacity, reduce fixed overhead costs per unit, and enhance profitability amid anticipated demand recovery post-January 2025 linked to global steel cycles. It navigated FY24 headwinds—including oversupply, elevated freight costs, and power shortages—by posting a cash profit of INR 4.75 crore despite a 22% revenue decline to INR 138.09 crore, outperforming peers through customer-focused strategies. Ongoing board and financial updates signal continued emphasis on cost optimization and production ramp-up into FY26.