Lloyds Metals H1FY27 Production Surges: Iron Ore +36%, DRI +104%, Pellet +372%
Lloyds Metals and Energy Ltd announced a record H1FY27 operational performance, with significant year-on-year production increases across key segments. Iron ore production reached 10 million tonnes (up 36%), DRI production hit 343,064 tonnes (up 104%), and pellet production soared to 3.8 million tonnes (up 372%). The company also reported 4,389 tonnes of copper production. The significant growth in pellet production is attributed to the commissioning of its second 4mnt pellet plant, achieving 100% capacity utilization. DRI production exceeded 90% capacity utilization. The company is on track to produce 26 MT of iron ore in FY27, with plans to process 8.7 million tonnes of BHQ once beneficiation plants are commissioned.
Key Highlights
- Record H1FY27 operational performance with substantial YoY production growth.
- Iron ore output up 36% to 10 MNT; pellet production up 372% to 3.8 MNT.
- DRI production surged 104% to 343K tonnes, indicating strong capacity utilization.
- Company aims for 26 MT iron ore production in FY27.
- Copper production reported at 4,389 tonnes in H1FY27.
Price Impact
More from LLOYDSME