Shyam Metalics and Energy (SMEL), a metal-producing company based in Kolkata, is setting up a 50MW captive floating solar power project in Odisha. With this initiative, Shyam Metalics aims to be the first metal-producing organization in the state of Odisha with a significantly reduced carbon footprints fulfilling their commitment towards the environment.
The company’s integrated steel facility at Rengali, Sambalpur has a total steelmaking capacity of 3mtpa, as well as a 158MW power plant and a 3.0mtpa pellet plant. The total investment in the factory to date is more than Rs 3000 crore, and it employs over 10,000 people. It is also planning for an addition of 0.5GW renewable energy capacity by 2025 and increased to combined capacity of 2GW in the subsequent 3-5 years.
Brij Bhushan Agarwal, VC & MD, said, “We are encouraged by the facilitating attitude and ease of doing business in Odisha, hence have earmarked Rs 450 crore to set up a captive green energy project at Hirakud reservoir. We will need government of Odisha to allot 250 acres of land on the Hirakud reservoir in favourable conditions and with grid connectivity. We have also requested to the state government to allow us to install solar lighting in Puri’s Jagannath temple.”
