Lloyds Metals & Energy Ltd emerges successful bidder for Tandsi - III & Tandsi - III (Extn.) Coal Mine

Lloyds Metals & Energy Limited ("the Company") has emerged successful bidder for the Tandsi - III and Tandsi - III Extension coking coal mine, securing the project with a premium of 10.5%. Located on the Madhya Pradesh-Maharashtra border, approximately 400 kilometers from Ghugus, the mine spans an area of around 338 hectares and holds estimated total reserves of 23 million metric tonnes. It is planned to be developed using a combination of opencast and underground mining methods, with a proposed production capacity of up to 0.30 million tonnes per annum over a four-year development timeline.

The necessary agreements shall be executed in due course.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1395.70 as compared to the previous close of Rs. 1379.20. The total number of shares traded during the day was 11218 in over 699 trades.

The stock hit an intraday high of Rs. 1406.00 and intraday low of 1373.10. The net turnover during the day was Rs. 15509966.00.

Source : Equity Bulls

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