Lloyds Metals and Energy moves up on commencing DRI manufacturing facility at Gadchiroli
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Lloyds Metals & Energy is currently trading at Rs. 557.95, up by 4.75 points or 0.86% from its previous closing of Rs. 553.20 on the BSE.
The scrip opened at Rs. 558.95 and has touched a high and low of Rs. 562.40 and Rs. 553.25 respectively. So far 14985 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 687.85 on 09-Aug-2023 and a 52 week low of Rs. 163.15 on 30-Nov-2022.
Last one week high and low of the scrip stood at Rs. 584.00 and Rs. 547.25 respectively. The current market cap of the company is Rs. 28166.67 crore.
The promoters holding in the company stood at 65.75%, while Institutions and Non-Institutions held 0.14% and 34.10% respectively.
Lloyds Metals and Energy has commenced Direct Reduced Iron (DRI) manufacturing facility with a rated capacity of 70,000TPA (2 X 95TPD) and a 4MW WHRB based power plant at Konsari, Chamorshi Industrial Area, Gadchiroli District in the State of Maharashtra. The Company has commissioned the plant within 13 months of getting the Environmental Clearance (EC) from the State Environment Impact Assessment Department, Maharashtra.
This time-bound execution demonstrates the Company's agility in Project Execution. This plant represents a substantial stride in advancing industrial progress in Gadchiroli, being the first Industrial setup of significant size in nearly 25 years.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
