India's Shyam Metallics and Energy Limited (SMEL) has been declared the winning bidder for the Phutumara coal block in the central state of Chhattisgarh through its associated company Alom Solar Private Limited, the company said in a statement on Wednesday, October 14.
The area of the block is about 7.32 square kilometers, and coal reserves are estimated to be about 170 million tons, the statement said.
Mining and coal mining operations are expected to begin in July 2027, according to the company.
The investment is part of the group's reverse integration strategy aimed at ensuring stable, long-term and cost-effective coal supplies for its own electric power and steel production facilities.
Access to reserves is expected to strengthen commodity security, increase operational self-sufficiency, and reduce dependence on external coal supplies. added.
SMEL's product range also includes iron ore pellets, rebar, structural steel, ferroalloys, and aluminum foil.
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