Deals19 Aug 2025, 03:54 pm
Lloyds Metals & Energy Secures Tandsi-III & Tandsi-III Extension Coal Mine with 10.5% Premium
AI Summary
Lloyds Metals & Energy Limited has successfully bid for the Tandsi-III and Tandsi-III Extension coking coal mine, located on the Madhya Pradesh—Maharashtra border. The mine, spanning 338 hectares, holds an estimated 23 million metric tonnes of total reserves. It is planned to be developed using a combination of opencast and underground mining methods, with a proposed production capacity of 0.30 million tonnes per annum over a four-year development timeline. The necessary agreements will be executed in due course.
Key Highlights
- Lloyds Metals & Energy Limited has emerged as the successful bidder for the Tandsi-III and Tandsi-III Extension coal mine.
- The mine is located on the Madhya Pradesh—Maharashtra border and spans around 338 hectares.
- The estimated total reserves of the mine are 23 million metric tonnes.
- The mine is planned to be developed using a combination of opencast and underground mining methods.
- The proposed production capacity of the mine is 0.30 million tonnes per annum over a four-year development timeline.