Company Secures Phutamura Coal Block in Chhattisgarh
What happened
Shyam Metalics and Energy Ltd announced that its investment in Alom Solar Private Limited helped secure strategic mining rights for the Phutamura coal block in Chhattisgarh. The block, located in Raigarh district, has estimated reserves of 170 million tonnes and spans approximately 7.324 square kilometres. Mining operations are expected to commence in July 2027.
From businesstoday.in
Why it matters
The acquisition allows the company to strengthen backward integration and ensure long-term fuel security. The securing of the block also boosts the state's resource base and could increase local economic activity in Raigarh district.
Policy reversal grants mining access in a region of Chhattisgarh.
From businesstoday.in
Who's involved
- ChhattisgarhState where the coal block is located
- Raigarh districtDistrict where the Phutamura coal block is located
- RaigarhCity within the district where the coal block is located
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The entities involved
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Chhattisgarh
state in central India
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Raigarh
City in Raigarh district, Chhattisgarh, India
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Related events
- Coal blocks are being offered across multiple states including Chhattisgarh, Odisha, Maharashtra, Bihar, Jharkhand, Madhya Pradesh, Telangana, and Arunachal Pradesh.
- Chhattisgarh contributes to national energy security goals, with Raipur serving as its capital.
- Formal requests have been made to the Centre regarding blocks, as a unanimous resolution opposing the coal auction was passed, citing the state government's previous stand.