Shyam Metalics Secures Phutamura Coal Block for Backward Integration

Shyam Metalics Group has secured mining rights for the Phutamura Coal Block through its investment in Alom Solar Private Limited. The block, located in Chhattisgarh, spans 7.324 sq. km. and holds an estimated 170 million tonnes of coal reserves. Mining operations are expected to commence by July 2027. This strategic move is a significant backward integration initiative aimed at ensuring a stable, long-term, and cost-effective supply of coal for the company's captive power generation and steel manufacturing processes. This development reinforces the Group's commitment to operational self-sufficiency and sustainable growth.