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Shyam Metalics Boosts Raw Material Security With Coal Block Investment
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News18•13-10-2026, 12:15
Shyam Metalics Boosts Raw Material Security With Coal Block Investment
- •Shyam Metalics Group secured strategic mining rights for the Phutamura coal block in Chhattisgarh through its investment in Alom Solar Private Limited.
- •The coal block spans 7.32 square kilometers within the Mand Raigarh coalfield and holds estimated reserves of 170 million tonnes.
- •Commercial mining operations and coal production are scheduled to commence in July 2027.
- •This strategic move forms part of the company's backward integration strategy to ensure stable and cost-effective coal supplies for captive power and steel manufacturing.
- •The acquisition aims to enhance raw material security, improve operational self-sufficiency, and reduce external reliance on coal.
Key Questions Answered
Shyam Metalics has secured strategic mining rights for the Phutamura coal block located in the Mand Raigarh coalfield in the Raigarh district of Chhattisgarh.
Mining operations and coal production at the Phutamura coal block are expected to begin in July 2027.
The investment is part of Shyam Metalics' backward integration strategy to ensure a stable, cost-effective coal supply, boost raw material security, improve self-sufficiency, and reduce dependence on external coal supplies for its operations.
