Business Update1 Oct 2024, 07:11 pm
Lloyds Metals and Energy Ltd. Reports 41% YoY Growth in DRI Production and 4% YoY Increase in Iron Ore Production for H1FY25
AI Summary
Lloyds Metals and Energy Limited has achieved its highest-ever half-yearly iron ore production of 5.9 million tonnes, marking a 4% year-on-year (YoY) increase. The company's Direct Reduced Iron (DRI) production also saw a significant 41% YoY growth, reaching 1,61,672 tonnes. The new 70k tonne DRI facility at Konsari, commissioned in FY24, has been operating at its full capacity, contributing to the robust growth in DRI volumes.
Key Highlights
- Lloyds Metals and Energy Ltd. reports 41% YoY growth in DRI production for H1FY25
- The company achieves highest-ever half-yearly iron ore production of 5.9 million tonnes, a 4% YoY increase
- New 70k tonne DRI facility at Konsari commissioned in FY24 operates at full capacity
- DRI production reaches 1,61,672 tonnes in H1FY25
- Iron ore production increase by 4% YoY for H1FY25