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The Economic Times
The Economic Times
Business

Shyam Metalics invests in coal block bidder to boost raw material security

Kolkata: Shyam Metalics Group has secured strategic mining rights for the Phutamura coal block in Chhattisgarh through its investment in Alom Solar Private Limited, the successful bidder for the block, the company said on Tuesday.

Located in the Mand Raigarh coalfield in Raigarh district, the block covers around 7.32 sq km and has estimated coal reserves of about 170 million tonnes, it said in a statement.

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