Lloyds Metals to Expand DRI Capacity to Over 9 Lakh MTPA

Lloyds Metals and Energy Ltd's Board approved significant developments, including the enhancement of its Direct Reduced Iron (DRI) plant capacities. The Ghugus plant capacity will increase to 8,15,000 MTPA and the Konsari plant to 92,400 MTPA, bringing the total DRI capacity to over 9,00,000 MTPA. This expansion, achieved through debottlenecking, aims to strengthen the steel-making value chain, optimize iron ore utilization, and improve profitability. Additionally, the Board approved the allotment of 1,41,969 equity shares under the ESOP 2017 and the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹1,550 Crore via private placement.