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Corporate Social Responsibility

Shyam Metalics believes that a business house is much more than a profit center or an instrument of earning fortunes. Successful corporate are very important members of the society with immense responsibility for solving social, We believe that sustainable community development is essential for harmonious development of both the community and industry. We endeavour to make a positive contribution, particularly to underprivileged communities by supporting a range of socio-economic, educational and health initiatives, and adopting a need profile analysis and implementing sustainable social development projects.
In Fiscals 2018, 2019 and 2020, and the nine months ended December 31, 2020, we incurred ₹ 15.20 million, ₹ 37.77 million, ₹ 66.66 million and ₹ 26.40 million, respectively, towards CSR activities. Some of the key CSR initiatives undertaken by us are as follows:
• Promoting preventive health care preventive health care services;
• natural disaster relief;
• rural development through camps in the vicinity of our manufacturing plants; and
• Plantation and maintenance activities.

Solarization Project

• Capacity – 1.085 MWp
• Project Developer – Fourth Partner Energy Pvt Ltd
• Brief Profile of the company – India’s largest Commercial & Industrial Solar Developer with total asset of around 750MW spread over 24 states and 7 countries

Benefits of the project

• Reduction in CO2 Emission – 12.5 Lacs Kg/Annually
• Reduction in Water Usage – 32 Lacs Litre/Annually
• Reduction in CO2 is equivalent to planting Number of Trees = 57,500 Nos of trees annually

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