Lloyds Metals And Energy Limited — Important, 26-06-2025: Updates

Lloyds Metals & Energy has announced a board meeting on the financial results for the quarter and half-year. The company has received environmental clearance to expand its iron ore mining capacity to 55 MTPA, making it India’s largest mine. Initial production will focus on 26 MTPA of Hematite, ramping up to 55 MTPA including BHQ ore as beneficiation plants come online. The new mine integrates sustainable technologies like battery-operated machinery and renewable energy. This expansion supports LMEL’s cost leadership strategy, enhancing ore security and improving EBITDA margins through forward integration into pellet and steel production.