Shyam Steel has announced their plan to expand its business operations in the Tripura market. Shyam Steel will expand the dealer distribution network to expand its footprint and also aim to be the leader in the primary TMT bar segment in the state.
Shyam Steel has a strong presence in South Tripura and are eyeing to expand their operations in North and West Tripura. The company plans to establish a distribution network with 50 dealers. Shyam Steel also have a warehouse in the region which will ensure a constant supply of the required products. The group plans to acquire 15% market share and sell minimum 100 MT per month in the primary TMT segment.
Commenting on the development, Mr Lalit Beriwala, Director, Shyam Steel said, “We are expanding our business operations in Tripura. We will be actively engaging with the dealers and make them more aware about our brand and its USP. The target is to block the market in all districts and be a part of every household assisting them to build their dream home.”