Group announces investment in Alom Solar, declared successful bidder for Phutamura Coal Block
Shyam Metalics Group invests in Alom Solar Private Limited, declared successful bidder for the Phutamura Coal Block in Raigarh, Chhattisgarh.
By ScoutQuest · · 2 min read
- Estimated Coal Reserves
- approximately 170 million tonnes
- Coal Block Area
- approximately 7.324 sq. km
- Mining / Production Start
- expected to commence from July 2027
The coal block connection
- The Group has announced a major strategic advancement in its resource security and operational footprint through an investment in Alom Solar Private Limited, which has been declared the successful bidder for the Phutamura Coal Block mining rights.
- The block is located in the Raigarh District of Chhattisgarh, within the Mand Raigarh coalfield.
- It spans an area of approximately 7.324 sq. km and holds estimated coal reserves of approximately 170 million tonnes.
- Mining operations and coal production are expected to commence from July 2027.
Why the company says this matters
The company describes this as a crucial backward integration initiative, 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 raw material reserves, it says it reinforces its commitment to operational self-sufficiency, sustainable growth and long-term value creation for stakeholders.
What the Chairman said
Mr. Brij Bhushan Agarwal, Chairman & Managing Director of Shyam Metalics and Energy Limited, called it a pivotal milestone in the group's strategic journey toward absolute self-reliance, adding that securing long-term raw material linkages ensures uninterrupted fuel security for captive power plants and core steel operations.
Company background given in the release
- Market capitalisation of more than ₹ 30,000 Cr.
- Aggregate installed metal capacity of 16.93 MTPA across the steel value chain.
- Captive power plants with an aggregated installed capacity of 467 MW.
- Listed on the exchanges in 2021, with operations focused on Long & Flat Steel Products, Ferro Alloys, Aluminium and Stainless Steel.
How a retail investor can read it
- This is an update on raw material security rather than an earnings number. The financial effect would flow from coal availability and cost once production begins.
- The coal block is held through an investment in Alom Solar Private Limited, which the release identifies as the successful bidder for the mining rights.
- The release places the start of mining operations and coal production from July 2027.
Also from Shyam Metalics and Energy
Shyam Metalics' Shyam Sel and Power wins NCLT sanction for SVEPL merger, flags Section 72A tax shield
23 Oct 2026
Board meeting on October 31, 2026 to approve unaudited Q2 and half-year results
22 Oct 2026
NCLT Kolkata approves amalgamation of Shree Venkateshwara Electrocast into Shyam Sel and Power
22 Oct 2026
More numbers
- Phutamura Coal Block area7.324 sq. km
- Estimated coal reserves in the block170 million tonnes
- Market capitalisation₹ 30,000 Cr
- Aggregate installed metal capacity16.93 MTPA
- Aggregated installed captive power capacity467 MW
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