India, Oct. 13 -- The Kolkata-based integrated metal producer has taken a fresh step to secure one of its most important raw materials. Through an investment in a firm that emerged as the successful bidder in a mining auction, the group is gaining access to a sizable coal block in central India. The move is aimed at steadying fuel costs for its power plants and steel units, though the benefits will take time to show. Read on for the details and the likely impact.

Shares of Shyam Metalics and Energy limited Ltd are trading at Rs. 1,095.00, up 0.60 percent on Tuesday. The stock touched the intraday high of Rs. 1,097.90 after opening at Rs. 1,090.10 before slipping to a low of Rs. 1,072.50. The company commands a market capitalization of R...