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3 announcements with these filters
Shyam Metalics board approved acquiring 51% control of Alom Solar Private Limited for cash, in a related-party transaction at arm's length. The deal aims to secure long-term coal supply for captive power and steel operations.
NCLT Kolkata approved amalgamation of Shree Venkateshwara Electrocast into Shyam Sel and Power, both wholly-owned subsidiaries. The scheme becomes effective upon Roco filing.
Shyam Metalics invested in Alom Solar, winner of the Phutamura Coal Block in Chhattisgarh. The 170 MMT reserve secures coal for power and steel from July 2027.