Lloyds Metals and Energy reports 3% YoY rise in Q1 FY26 DRI production at 79,033 tonnes; iron ore output steady at 4 million tonnes
Lloyds Metals and Energy Limited has reported steady operational performance for the first quarter of FY26, with its Direct Reduced Iron (DRI) production rising 3% year-on-year. DRI output for the quarter stood at 79,033 tonnes, compared to 76,704 tonnes in Q1 FY25.
Iron ore production remained stable at approximately 4 million tonnes, maintaining the same level as the previous year. The company also received Environmental Clearance (EC) to expand its iron ore mining capacity to 26 million tonnes per annum.
A key milestone for the quarter was the successful commissioning of its 4 million tonne pellet plant and the 85-kilometre slurry pipeline connecting Hedri to Konsari, both of which became operational in June 2025. These projects are expected to progressively ramp up output in the coming months.
Lloyds Metals operates one of the largest single-location iron ore mines in Maharashtra and plays a significant role in India's steel value chain.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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