Lloyds Metals & Energy Ltd Receives Environmental Clearance for 55 MTPA Iron Ore Mining Capacity

Lloyds Metals & Energy Ltd (LMEL) has received Environmental Clearance (EC) to expand its iron ore mining capacity to 55 MTPA from the Ministry of Environment, Forest, and Climate Change, Government of India. This expansion will make LMEL’s mine the largest iron ore operation in the nation, significantly enhancing raw material security for domestic steel producers. The expansion includes a well-calibrated mining roadmap and the establishment of one of the world’s largest Iron Ore Beneficiation facilities in Hedri. This development will support cost-effective and sustainable steel production, ensuring long-term ore security for both captive use and potential external supply, and improve cost structures and contribute meaningfully to the company’s EBITDA margins.