Monthly Update1 Apr 2026, 11:52 am
Lloyds Metals & Energy Ltd. Achieves Best Ever Operational Performance in FY26
AI Summary
Lloyds Metals & Energy Ltd. has reported its best ever operational performance in FY26, with a 120% YoY increase in iron ore production, a 57% YoY growth in DRI production, and a 100% annualised capacity utilisation in pellet production. The company is poised to produce 26 MT iron ore in FY27.
Key Highlights
- Iron ore production for FY26 was 21.96 million tonnes, up 120% YoY.
- DRI production in FY26 was 484k tonnes, a 57% YoY growth.
- Pellet production in FY26 was 3.03 million tonnes, representing a 100% annualised capacity utilisation.
- The company commissioned a new 360 KTPA DRI facility at Ghugus during Q2 FY26.
- An 85 km slurry pipeline from Hedri to Konsari and a 4 MTPA pellet plant at Konsari have been successfully commissioned.