India, Oct. 13 -- Shyam Metalics Group announced a strategic investment in Alom Solar Private Limited, which has been declared the successful bidder for the Phutamura Coal Block in Chhattisgarh, strengthening the group's raw material security and backward integration.
Located in the Mand Raigarh coalfield in Raigarh district, the coal block spans approximately 7.324 sq. km. and has estimated reserves of around 170 million tonnes. Mining operations and coal production are expected to commence in July 2027.
The development is aimed at securing a stable, long-term and cost-effective coal supply for the group's captive power generation and steel manufacturing operations, supporting operational self-sufficiency and long-term growth.
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