New Delhi: Shyam Metalics Group has announced a major strategic advancement in its resource security and operational footprint through an investment in Alom Solar Private Limited, who has been declared as the successful bidder for the Phutamura Coal Block mining rights.
Located in the Raigarh District of Chhattisgarh within the prolific Mand Raigarh coalfield, the Phutamura Coal Block spans an area of approximately 7.324 sq. km. and holds estimated coal reserves of approximately 170 million tonnes. It is expected that mining Operations and Coal Production shall commence from July 2027.
This strategic development serves as a crucial backward integration initiative for Shyam Metalics Group, designed to secure a stable, long-term, and cost-effective coal supply to support its captive power generation and core steel manufacturing processes. By securing vital raw material reserves, the Group reinforces its commitment to operational self-sufficiency, sustainable growth, and long-term value creation for its stakeholders.
Brij Bhushan Agarwal – Chairman & Managing Director of Shyam Metalics and Energy Limited said, “Our Groups investment in Alom Solar Private Limited and the securing of the Phutamura Coal Block marks a pivotal milestone in our strategic journey toward absolute self-reliance. As we continue to scale our manufacturing capabilities, securing high-quality, long-term raw material linkages is paramount. With an estimated 170 million tonnes of coal reserves in the Mand– Raigarh coalfield, this development significantly strengthens our backward integration framework, ensuring uninterrupted fuel security for our captive power plants and core steel operations. It underscores our unwavering commitment to sustainable growth, operational resilience, and long-term value creation for all our stakeholders.”
