Lloyds Metals Approves ₹1,550 Crore NCDs, DRI Capacity Expansion; Shares Rise 0.02%

Mumbai September 21: Lloyds Metals and Energy Limited has approved the issue of up to ₹1,550 crore of non-convertible debentures, along with capacity expansion at its DRI plants in Ghugus and Konsari, as the company looks to strengthen production capacity and improve plant utilisation.

The decisions were taken at the company’s Board meeting held on Monday, September 21, 2026.

Lloyds Metals Approves Up To ₹1,550 Crore NCD Issue

According to the exchange filing, the Board approved two separate issues of non-convertible debentures on a private placement basis, comprising an issue of up to ₹600 crore and another of up to ₹950 crore.

The proposed NCD issuances are subject to applicable regulatory and statutory approvals and will remain within the borrowing limits previously approved by the Board. The company had received in-principle approval for the borrowing programme at an earlier Board meeting held on May 5, 2026.

The filing did not state that the entire ₹1,550 crore has already been raised. The approval covers the proposed issuance, subject to the required conditions and approvals.

Stock Market Snapshot

The Lloyds Metals share price stood at ₹1,827.70, up ₹0.30 or 0.02%, as of 3:18:56 PM IST on September 21, 2026, according to the market data shown.

The stock remained largely range-bound during the session. It touched an early high near ₹1,839 before moving lower and spending most of the day around the ₹1,820 to ₹1,830 range.

At the latest available timestamp, the shares were marginally higher, with the market reaction remaining limited despite the multiple Board approvals.

DRI Capacity To Increase At Ghugus And Konsari

The Board also approved an expansion of DRI capacity at the company’s Ghugus and Konsari plants.

At Ghugus, the existing DRI capacity of 6,30,000 MTPA will be increased by 1,85,000 MTPA. The Konsari plant, which currently has capacity of 70,000 MTPA, will receive an additional 22,400 MTPA.

Together, the two projects will add 2,07,400 MTPA of capacity. The company said the combined capacity of its DRI plants will exceed 9,00,000 MTPA after the expansion.

The additions are expected to be completed within one year.

₹190 Crore Investment Planned For Capacity Addition

The Ghugus expansion will require an investment of ₹140 crore, while ₹50 crore has been earmarked for the Konsari plant.

The company plans to finance both projects through internal accruals. The stated rationale is to improve operational efficiency and utilisation of the existing kiln facilities, where previous interventions have already supported higher production capacity.

The expansion is also intended to improve margins and support the company’s broader growth plans by making better use of its existing manufacturing infrastructure.

Lloyds Metals Approves Employee Stock Option Allotment

Separately, the Board approved the allotment of 1,41,969 fully paid equity shares under the Lloyds Metals and Energy Employee Stock Option Plan 2017.

The shares will be allotted to Lloyds Employees Welfare Trust at an exercise price of ₹4 per share. Following the allotment, the company’s issued and paid-up equity share capital will increase to 56,30,48,920 shares from 56,29,06,952 shares.

The company said the allotted shares will rank pari passu with its existing equity shares in all respects.

Company Expands DRI Operations

Lloyds Metals and Energy operates in the iron and steel value chain, with DRI manufacturing forming a key part of its production operations.

The latest capacity decision focuses on expanding existing facilities rather than setting up an entirely new DRI platform. This allows the company to increase output while using its current manufacturing infrastructure and related facilities.

The Board said the proposed additions are aligned with the company’s strategy of strengthening its presence across the complete steel-making value chain and improving utilisation of available iron ore reserves.

Conclusion

Lloyds Metals and Energy has approved a proposed ₹1,550 crore NCD issuance, subject to applicable approvals, while also clearing a combined 2,07,400 MTPA DRI capacity addition at its Ghugus and Konsari plants.

The company plans to invest ₹190 crore in the two capacity projects, funded through internal accruals, with implementation targeted within one year.

The Board also approved the allotment of 1,41,969 shares under the company’s employee stock option plan.

Meanwhile, the Lloyds Metals share price ended the latest available market session at ₹1,827.70, up ₹0.30 or 0.02% as of 3:18:56 PM IST on September 21, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/LLOYDSME/Lloyds-Metals-And-Energy-Limited
• https://nsearchives.nseindia.com/corporate/LLOYDSME_21092026155025_20260921_Outcome_of_Board_Meeting.pdf