Monthly Update1 Jan 2026, 03:05 pm
Lloyds Metals and Energy Ltd Ramps Up Iron Ore Production by 50% in 9MFY26
AI Summary
Lloyds Metals and Energy Ltd has released its operational update for 9MFY26, showing a significant increase in iron ore production. The company's iron ore volume surpassed the annual production of FY25, with a 50% Year-over-Year (YoY) increase. The Direct Reduced Iron (DRI) production also increased by 22% YoY. The 4 MTPA pellet plant contributed to production of 1.95 million tonnes in 9M FY26, translating into an annualised capacity utilisation of more than 95%.
Key Highlights
- Iron ore output for 9MFY26 was 12.9 million tonnes, up 50% YoY
- Q3 FY26 volumes stood at 5.5million tonnes, representing a 110% YoY increase
- Commissioning of the slurry pipeline supported more efficient evacuation
- DRI production in Q3FY26 was higher by 61% YoY
- 4 MTPA pellet plant contributed to production of 1.95 million tonnes in 9M FY26