Lloyds Metals & Energy zooms on getting nod to incorporate wholly owned subsidiary
Lloyds Metals & Energy is currently trading at Rs. 1279.60, up by 111.85 points or 9.58% from its previous closing of Rs. 1167.75 on the BSE.
The scrip opened at Rs. 1273.35 and has touched a high and low of Rs. 1328.70 and Rs. 1250.00 respectively. So far 244953 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. 943.25 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1328.70 and Rs. 1044.00 respectively. The current market cap of the company is Rs. 69456.27 crore.
The promoters holding in the company stood at 63.73%, while Institutions and Non-Institutions held 3.74% and 32.52% respectively.
Lloyds Metals & Energy has received approval for incorporation of a wholly owned subsidiary (WOS) in Maharashtra, India with an estimate aggregate Capital outlay of over Rs 252 crore in tranches. The proposed WOS to be incorporated will act as a mission-driven institutional platform to design, operate, and scale structured skilling, leadership, entrepreneurship, and employment-linked programs, aligned with regional development objectives and global workforce standards. The Board of Directors at its meeting held on February 3, 2026 inter alia, approved the same.
Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
