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Shyam Metalics gets nod to acquire 51% stake in Alom Solar
Oct-31-2026

Shyam Metalics and Energy has received approval for acquisition of a 51% controlling equity stake in Alom Solar, subject to execution of definitive agreements and necessary approvals. Upon completion of the acquisition, Alom Solar will become the Subsidiary of Shyam Metalics and Energy. 

This acquisition aims to secure long-term coal supply for captive power generation and steel plant manufacturing processes. The said acquisition is expected to be completed on or before November 30, 2026. The Board of Directors of the company at its meeting held on October 31, 2026 inter-alia considered and approved the same. 

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.


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