Lloyds Metals and Energy Ltd commissions 360 KTPA Sponge Iron plant at Ghugus

Lloyds Metals and Energy Limited ("LMEL") is pleased to announce the successful commissioning of its 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 Limited.

The project has been completed in record time following receipt of Environmental Clearance ("EC") in February 2024, further reinforcing LMEL's standing as one of the most execution-focused companies in the sector.

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 Lloyds Metals' capabilities for turning capital expenditure into productive assets swiftly and reliably.

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.

Over the past few years, LMEL has demonstrated a consistent ability to deliver complex, high-value projects within defined timelines. This disciplined approach to execution has not only strengthened operational readiness but also supported improvements in capital efficiency, including better Return on Invested Capital (ROIC).

Rajesh Gupta, Managing Director of Lloyds Metals, commented: "Commissioning the Ghugus plant in just over 18 months from receiving the Environmental Clearance reflects the strength of our internal planning and project execution frameworks. For us, timely execution is not just an operational milestone; it is a strategic lever that enables faster monetisation, operating efficiency, and long-term value creation."

This milestone is part of a broader effort by LMEL to build a future-ready asset base, aligning with its vision to become one of India's most efficient and cost-effective steel producers. The company's project pipeline, built on disciplined execution and timely commissioning, reflects its long-term vision and commitment to delivering enduring value to all stakeholders.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1289.45 as compared to the previous close of Rs. 1308.25. The total number of shares traded during the day was 29720 in over 2312 trades.

The stock hit an intraday high of Rs. 1320.80 and intraday low of 1285.00. The net turnover during the day was Rs. 38630893.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 360KTPA SpongeIronPlant Ghugus Maharashtra Commissioned