Lloyds Metals and Energy surges on commissioning 360 KTPA sponge iron plant in Maharashtra
Lloyds Metals & Energy is currently trading at Rs. 1306.40, up by 16.95 points or 1.31% from its previous closing of Rs. 1289.45 on the BSE.
The scrip opened at Rs. 1289.85 and has touched a high and low of Rs. 1313.00 and Rs. 1285.00 respectively. So far 18672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1613.40 on 01-Jul-2025 and a 52 week low of Rs. 734.10 on 11-Sep-2024.
Last one week high and low of the scrip stood at Rs. 1378.45 and Rs. 1285.00 respectively. The current market cap of the company is Rs. 68531.79 crore.
The promoters holding in the company stood at 63.44%, while Institutions and Non-Institutions held 4.26% and 32.31% respectively.
Lloyds Metals and Energy (LMEL) has commissioned 360,000 tonnes per annum (360 KTPA) sponge iron plant at Ghugus, Maharashtra. The first of the two kilns has been successfully fired, and operations are being ramped up in a phased and calibrated manner. This plant was executed on a turnkey basis by Lloyds Engineering Works.
With the addition of this facility, LMEL’s total installed sponge iron capacity now stands at 700 KTPA. The Ghugus unit is strategically positioned to support captive utilization of the company’s mined iron ore and bolster its integrated value chain of steel making.
This latest commissioning marks the third major facility operationalized by the company within the current fiscal year alone, following the recently inaugurated 85 KM slurry pipeline and 4 MTPA pellet plant. Such consistent delivery highlights the company’s capabilities for turning capital expenditure into productive assets swiftly and reliably.
Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
