Lloyds Metals share gained more than 1% today after company wins bid for Tandsi mines

Lloyds Metals & Energy share price has emerged as the successful bidder for the Tandsi-III and Tandsi-III Extension coking coal mines. Both the coal mines have a proposed capacity of up to 0.30 MTPA, with estimated reserves of 23 MMT over a four-year development timeline.

Following the announcement, the stock closed the day today, up by 1.65% at Rs 1,402.

Both the mines are located at the Madhya Pradesh-Maharashtra border, around 400 km from Ghugus. The mines have an area of 338 hectares and Lloyd will develop them using a mix of underground and opencast methods.

The allocation of both the mines is a welcome step for the company in boosting its long-term production capacity by providing it uninterrupted access to coal. The company will now be able to reduce its dependence on imports and purchases from third-parties. It will increase its cost-effectiveness and overall operational efficiency over the four-year period.

This comes after Lloyds Metal & Energy recently reported a profit of ₹794.19 crore in Q1FY25. This was the company’s highest operating profit in the last five quarters. The company also reported a high operating profit margin of 33.32%. Furthermore, the company’s profit after tax (PAT) also reached a high of ₹641.59 crore for the same period. The earnings per share (EPS) has also positively shifted to ₹12.26.

REF: https://nsearchives.nseindia.com/corporate/LLOYDSME_19082025155727_IntimationofSucessfulBidderTandsiIIICoalMines.pdf

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