Acquiring Company
Shyam Metalics and Energy Ltd
Acquired Company
Alom Solar Private Limited
KolkataChhattisgarhEnergyEnergyRenewable EnergySolarDescription
The Board of Shyam Metalics and Energy Limited approved acquiring a 51% controlling equity stake in Alom Solar Private Limited on October 31, 2026. Alom Solar holds mining rights for the Phutamura Coal Block with estimated reserves of about 170 million tonnes. The cash-based deal is expected to generate incremental EBITDA of about ₹400 crore by FY31.
Who to call at Shyam Metalics and Energy Ltd, and when
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Frequently asked
Who acquired Alom Solar Private Limited?
Alom Solar Private Limited was acquired by Shyam Metalics and Energy Ltd, based in Kolkata. The deal was reported on October 31, 2026. Shyam Metalics and Energy Ltd is an Indian steel and power company. It reported strong Q2 results for the quarter ended September 30, 2026. The company is pursuing backward integration into captive coal supply. Shyam Metalics and Energy Ltd is privately held and operates in Energy.
When did Shyam Metalics and Energy Ltd acquire Alom Solar Private Limited?
Shyam Metalics and Energy Ltd's acquisition of Alom Solar Private Limited was reported on October 31, 2026. The Board of Shyam Metalics and Energy Limited approved acquiring a 51% controlling equity stake in Alom Solar Private Limited on October 31, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alom Solar Private Limited do?
Alom Solar Private Limited holds rights to the Phutamura Coal Block in Chhattisgarh. Shyam Metalics is acquiring a 51% stake in the company. The coal block is intended to secure captive coal supplies. It is privately held, operating in Energy, and is based in Chhattisgarh.
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