# Shyam Metalics acquires 51% stake in Alom Solar Private Limited

Shyam Metalics acquired a 51% stake in Alom Solar Private Limited, which was the successful bidder for the Phutamu project.

- Type: Acquisition
- Announced: 2026-11-07
- Where: India
- Status: completed

## Companies

- [Shyam Metalics and Energy Ltd](https://endata.com/companies/57960.md) (acquirer)
- [Alom Solar Private Limited](https://endata.com/companies/95283.md) (target)

## Sources

- [news.tulsian.ai](https://news.tulsian.ai/news/company-results/shyam-metalics-q2-fy27-revenue-up-33-4-yoy.html), 2026-11-07: "Acquired 51% stake in Alom Solar Private Limited, successful bidder for Phutamu"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.