THEBUSINESSBYTES BUREAU

KOLKATA, OCTOBER 13, 2026

Shyam Metalics Group has strengthened its backward integration strategy with an investment in Alom Solar Private Ltd, which has been declared the successful bidder for the Phutamura coal block in Chhattisgarh, with estimated reserves of 170 million tonnes.

Located in the Mand-Raigarh coalfield in Raigarh district, the coal block spans approximately 7.324 square kilometres. Mining operations and coal production are expected to commence from July 2027, the company said in a statement.

The development is expected to bolster the group's long-term raw material security by ensuring a stable and cost-effective coal supply for its captive power generation facilities and steel manufacturing operations.

Securing the coal block marks a strategic step towards reducing dependence on external fuel supplies, enhancing operational self-sufficiency and strengthening the group's integrated manufacturing model amid its expansion plans.

"Our group's investment in Alom Solar Private Limited and the securing of the Phutamura coal block marks a pivotal milestone in our strategic journey towards absolute self-reliance," Shyam Metalics and Energy Ltd Chairman and Managing Director Brij Bhushan Agarwal said.

As the group scales up its manufacturing capabilities, securing high-quality, long-term raw material linkages remains paramount, Agarwal said, adding that the coal block would significantly strengthen its backward integration framework and support uninterrupted fuel supplies for its captive power plants and core steel operations.

The development also underscores the company's focus on operational resilience, sustainable growth and long-term value creation for stakeholders, he added.

Shyam Metalics is an integrated metal-producing company headquartered in Kolkata, with manufacturing operations across West Bengal, Odisha, Jharkhand and Madhya Pradesh. Its product portfolio includes long and flat steel products, ferro alloys, aluminium and stainless steel.

The company has a market capitalisation of more than Rs 30,000 crore and is among India's largest producers of ferro alloys in terms of installed capacity.