Lloyds Metals and Energy gains on getting environmental clearance to expand iron ore mining capacity
Lloyds Metals & Energy is currently trading at Rs 1549.15, up by 26.30 points or 1.73% from its previous closing of Rs 1522.85 on the BSE.
The scrip opened at Rs 1536.05 and has touched a high and low of Rs 1553.55 and Rs 1496.95 respectively. So far 39959 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 1,553.55 on 26-Jun-2025 and a 52-week low of Rs 675.00 on 23-Jul-2024.
Last one week high and low of the scrip stood at Rs 1553.55 and Rs 1462.30 respectively. The current market cap of the company is Rs 79838.87 crore.
The promoters holding in the company stood at 63.44%, while Institutions and Non-Institutions held 4.04% and 32.53% respectively.
Lloyds Metals and Energy has received the Environmental Clearance (EC) to expand its iron ore mining capacity to 55 million tonnes (Maximum) per annum (MTPA). This is a defining milestone in the Company’s journey and a pivotal development for India’s mineral and steel landscape. With 55 MTPA production capacity, company’s mine stands as the largest iron ore operation in the nation. This development is set to significantly enhance the raw material security for domestic steel producers. The expansion is poised to play a strategic role in the emerging steel industry in Gadchiroli, as the region witnesses a growing presence of companies venturing into steel production, company’s mine will act as a foundational enabler for these downstream industries.
The effective date of commencement of operations for enhanced capacity would be after receipt of Consent to Operate (CTO), from Maharashtra Pollution Control Board (MPCB) which has been applied for and shall be received shortly.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
