Lloyds Metals Gets Green Nod for Rs 9,600 Crore Projects

24 Mar 2025 CW Team

Lloyds Metals and Energy Ltd has received environmental clearance from the Ministry of Environment, Forest, and Climate Change for its upcoming $1.2 billion projects at Ghugus, Chandrapur, Maharashtra. The approval covers a 1.2 million tonne per annum (MTPA) wire rod project and a 4 MTPA pellet plant project.

According to a stock exchange filing, the clearance was granted on March 20, 2025, marking a significant milestone for the company鈥檚 expansion plans.

Earlier this year, Lloyds Metals reported a 22% year-on-year (YoY) increase in direct reduced iron (DRI) production, reaching 238,000 tonnes over nine months. Iron ore production also grew by 5% YoY to 8.6 million tonnes, with December achieving the highest monthly DRI production, nearing full capacity.

Incorporated in 1977, Lloyds Metals is a prominent iron ore miner in Maharashtra and a leading DRI producer with an annual capacity of 340,000 tonnes. The company also operates a 34 MW waste heat recovery-based power plant, catering to markets across India.

Shares of Lloyds Metals and Energy Ltd closed at Rs 1,257, up by Rs 6.90, or 0.55%, on the BSE.

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