Shyam Metalics and Energy bags mining rights for coalfield in Raigarh
Kolkata-based integrated metal conglomerate Shyam Metalics and Energy has bagged mining rights for the Phutamura coal block in Chhattisgarh. The block is in the Mand-Raigarh coalfield in Raigarh district, and Shyam Metalics acquired it through its investment in Alom Solar Pvt. Ltd.
Spread over 7.324 sq km, the block has estimated coal reserves of 170 million tonnes, and mining operations and coal production are expected to begin in July 2027.
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