Lloyds Metals and Energy Ltd commissions 4 MTPA Pellet plant

Lloyds Metals and Energy Limited ("LMEL"/ "the Company") is pleased to announce the successful commissioning of two of its key strategic projects - an 85 - kilometre iron ore slurry pipeline from Hedri to Konsari, and a 4 million tonnes per annum ("MTPA") pellet plant at Konsari, Maharashtra.

These two projects mark a significant milestone in the Company's journey of forward integration, operational efficiency, and long-term value creation.

The 4 MTPA pellet plant at Konsari has commenced operations. The project received its Environmental Clearance ("EC") in November 2023, the construction started in December 2023 and Construction & Commissioning was completed with a delay of few weeks from the original 18 months tight schedule envisaged by our project team.

The project is a world-class development and ranks among the largest single-configuration pellet plants in India. It represents the second major project undertaken by Lloyds Metals in the Gadchiroli region within the past two years.

This facility is a significant value addition to LMEL's iron ore mining business, allowing the Company to convert iron ore fines into high-quality pellets suitable for the steelmaking industry. The pellet plant has been designed to align and synchronise with the Company's upcoming expansion of iron ore mining capacity, and future Steel Making Capacity, ensuring a robust integration of long-term operations. In the medium term, this ensures an overall improved margin profile.

The 85 KM 10 mmt slurry pipeline, also built in a record time, establishes a seamless and environmentfriendly logistics link between the Company's iron ore mine in Gadchiroli and the pellet plant at Konsari. This first-of-its-kind pipeline in Western India ensures reliable ore transportation while substantially reducing internal freight costs and lowering the Company's carbon footprint. It also enhances the overall efficiency and commercial viability of material movement across its operations, reducing freight costs substantially.

The Company remains committed to creating a robust and future-ready asset base that supports its vision of becoming one of the most efficient and lowest-cost producers of steel in the country. These integrated projects are a step forward in delivering operational excellence, long-term profitability, and responsible growth.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1469.55 as compared to the previous close of Rs. 1464.75. The total number of shares traded during the day was 138907 in over 8522 trades.

The stock hit an intraday high of Rs. 1499.95 and intraday low of 1462.30. The net turnover during the day was Rs. 204263332.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 4MTPA PelletPlant IronOreSlurryPipeline