Lloyds Metals zooms on reporting 45% growth in DRI production
Lloyds Metals is currently trading at Rs. 411.95, up by 16.25 points or 4.11% from its previous closing of Rs. 395.70 on the BSE.
The scrip opened at Rs. 395.20 and has touched a high and low of Rs. 412.30 and Rs. 395.20 respectively. So far 169847 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 413.40 on 3-Jul-2023 and a 52 week low of Rs. 132.45 on 25-Jul-2022.
Last one week high and low of the scrip stood at Rs. 413.40 and Rs. 374.00 respectively. The current market cap of the company is Rs. 20697.79 crore.
The promoters holding in the company stood at 65.75%, while Institutions and Non-Institutions held 0.19% and 34.05% respectively.
Lloyds Metals and Energy has reported the best-ever operating performance for Q1FY24, with Direct Reduced Iron (DRI) production increasing by 45% year on year (YoY) at 66,273 tonnes and Iron ore production by 400% YoY.
On the iron ore front, the Company has reported the best-ever monthly production for month of April 2023 at 1.2 million tonnes in Q1FY24. The Company also shipped its first export order in Q1FY24, further expanding its geographical reach beyond PAN India.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
