Lloyds Metals Commissions 360 KTPA Sponge Iron Plant; Stock Rises Nearly 3%

Mumbai, September 1, 2025 – Lloyds Metals and Energy Limited (NSE: LLOYDSME, BSE: 512455) announced the successful commissioning of a 3.6 lakh tonnes per annum (360 KTPA) sponge iron plant in Ghugus, Maharashtra. The plant was completed in just over 18 months, and with this addition, the company’s total sponge iron capacity rises to 700 KTPA.

Due to the strategic and long-term financial importance of this event, the investors reacted positively to the update. The stock closed at ₹ 1,328 (up 3.04% from the previous day’s closing price). The stock has surged close to 72.60% in the past year. The company’s P/E ratio is 43.99 compared to the industrial average of 9.78.

Key Highlights

The commissioning of the Ghugus unit marks another milestone in the company’s expansion drive. This is the company’s third major commissioning in FY26, following the addition of an 85 km slurry pipeline and a 4 MTPA pellet plant.

The facility strengthens its integrated steel value chain by ensuring captive use of mined iron ore, which enhances operational efficiency and return on capital. The phased ramp-up of operations positions the company to sustain momentum in steel-making growth.

Management Commentary

Rajesh Gupta, Managing Director, stated: “Commissioning the Ghugus plant in just over 18 months from receiving the Environmental Clearance reflects the strength of our internal planning and project execution frameworks. Timely execution is a strategic lever that enables faster monetisation, efficiency, and long-term value creation.”

Lloyds Metals and Energy Limited, part of the NIFTY Metal Index, operates in the industrial minerals sector. The company has been scaling its integrated operations with investments in pellet, sponge iron, and slurry pipeline projects to enhance operational efficiency and cost competitiveness.

REF: https://nsearchives.nseindia.com/corporate/LLOYDSME_01092025084442_Intimation_of_Comissioning_Sponge_Iron.pdf

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