Latest news with #LloydsMetalsandEnergyLimited
Business Upturn
01-07-2025
- Business
- Business Upturn
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
By Aditya Bhagchandani Published on July 1, 2025, 17:25 IST 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. Ahmedabad Plane Crash 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.
Time of India
21-06-2025
- Business
- Time of India
Foundation stone for integrated steel plant soon at Konseri
Nagpur: The high court's decision to dismiss the public interest litigation (PIL) against the environmental clearance (EC) granted for Lloyds Metals and Energy Limited's (LMEL) iron ore mines clears the way for sourcing adequate raw material for the company's steel project at Konseri village in the same district, said managing director B Prabhakaran. The company will soon hold a foundation-laying event for its integrated steel plant at the site. This will be a facility producing a whole gamut of steel products. With a capacity of 4.5 million tonnes, it will be the biggest in Vidarbha, he said. The first phase pellet-making plant at the same site is also expected to become operational in the coming days. It has a capacity of 4 million tones. The slurry pipeline too will become operational along with it. The pipeline, which will transport iron ore in slurry form, will reduce the dependence on roads, he said. The second phase of the pellet making plant with a similar capacity is expected to get operational by December, said Prabhakaran. An integrated steel plant is akin to the facilities of Steel Authority of India Limited (SAIL) in Bhilai or Tata in Jamshedpur. Iron ore is the basic raw material for steel making. The clearance to expand the mining operation ensures a steady supply of ore, he said. The plant at Konseri is located around 100km away from the mines at Surjagarh. Currently, a direct reduced iron (DRI) plant is operational at the site.
Time of India
20-06-2025
- Business
- Time of India
HC Junks PIL Against Lloyds' Iron Ore Expansion In Gadchiroli, Flags Petitioner's Bona Fides
1 2 3 4 Nagpur: The Nagpur bench of Bombay High Court recently dismissed two clubbed public interest litigations (PILs) challenging the expansion of iron ore mining by Lloyds Metals and Energy Limited in Gadchiroli. The court pointed out that the petition was filed by a person with no stakes in the matter, lacked locus standi and was acting without bona fides. A division bench of Justices Nitin Sambre and Abhay Mantri rejected the pleas filed by Samarjeet Chatterjee, resident of Raipur, Chhattisgarh, and co-petitioner Vishesh Bhatpalliwar from Gadchiroli. The bench stated there was no substantive connection between the petitioners and affected population. It also noted no local resident or tribal community had objected to the environmental clearance (EC) and questioned the motive and timing of the PIL. "Merely claiming to be a social servant does not give the petitioner the locus standi to filed a PIL as he has not shown any nexus with the cause of such people, who live almost 300km away from his place of residence and that too in another state (Chhattisgarh)," the bench noted. The judges added the fact that the petitioner did not question the earlier public hearing, conducted at the district headquarters in 2005-06, and is now questioning the subsequent public hearing, sufficiently demonstrates he lacks bona fides in the matter of preferring the PIL. The HC also observed that it failed to understand the petitioner's source of funds for carrying out the legal battle, especially if he has an annual income of Rs4-5 lakh. The court noted that the petitioner claimed he gave up his profession as a mine contractor and travelled all the way to Maharashtra from Raipur in Chhattisgarh, where he is based. Aheri, where the plant is located, is more than 200 km from his place, said the court. Chatterjee, a former mining contractor, challenged the environmental clearances (EC) granted to Lloyds Metals in two stages — from 3 metric tonnes per annum (MTPA) to 10 MTPA (2023) and then to 16 MTPA (2024). He alleged violations of EIA norms, improper public hearing, and non-compliance with environmental regulations. He sought to quash the terms of reference and clearances issued in 2022 and 2023 on grounds of procedural lapse under office memorandums dated April 2022 and July 2021 SOPs. However, the court noted the public hearing at the Gadchiroli district headquarters on October 27, 2022, was legally valid, widely publicised, and attended by a large number of local representatives and citizens. It also cited the Maoist threat in the mining zones for not conducting the hearing at the actual site. The bench acknowledged that Lloyds earlier operated without a fresh environment clearance post-2011, but later complied fully with the 2021 standard operating procedure, paid a ₹5.48 crore penalty, furnished a ₹26.64 crore bank guarantee. The environment clearance for 10 MTPA was then granted on February 24, 2023, followed by the terms of reference for 16 MTPA on November 26, 2024. Calling such PILs "a tool for personal vendetta" and not a genuine public interest action, the court invoked Supreme Court rulings to underscore the need to curb misuse of PILs. Lloyds, through counsel Raghav Bhandakkar, argued it created 2,000 jobs and contributed ₹2,000 crore in royalties to the District Mineral Fund, and 80% project execution was already complete. Finding no merit in the plea, the court refused to interfere with the environmental approvals and dismissed both PILs. **Key Takeaways from HC Verdict** - Petitioner had no local standing or public interest. - Lloyds Metals paid ₹5.48 crore penalty for prior EC lapse. - Environmental clearance for 10 MTPA upheld as per SOP - Public hearing held as per guidelines, no irregularity found. - 2,000 jobs and ₹2,000 crore royalty cited as development impact. - Relied on SC rulings to warn against "luxury litigation." - No locals objected to project
Time of India
06-05-2025
- Business
- Time of India
Lloyds Metals' iron ore mine set to become largest in India after capacity expansion approval
Nagpur: Lloyds Metals and Energy Limited 's (LMEL) iron ore mine at Surjagarh hills of Gadchiroli will emerge as the largest mine in the country for any mineral except coal once the company secures environmental clearance (EC) for enhancing the capacity from extracting 10 million tonnes of iron ore at present to 25 million tonnes. Tired of too many ads? go ad free now The company hopes to get the EC by the end of May. This was disclosed by the promoters during a conference call with the analysts. The transcript of the conference has been uploaded to the stock exchange as a part of the corporate disclosures. The company expects to get the EC at the latest by May end, even as the promoters agreed that there was a delay in the process. The EC is granted by the Ministry of Environment, Forests and Climate Change (MOEFCC). The company said that since it will emerge as the biggest mine, the time taken for getting approvals took a bit more than the expected time. The committee had conducted an inspection also and all the major formalities have been completed. Given the scenario, due to the delay the company foresees some minor losses in output of 1 million tonnes or even less than that. The company also projected a capex of Rs 6,000 to 6,500 crore for the financial year 2026. In the financial year 2024, the capex stood at Rs 1,690 crore and Rs 3,695 crore in 2025. Now the plan is to take it to Rs 6,000 to Rs 6,500 crore, said a company official in response to a question. The expenditure will be focused on enhancing mining, steel, and pellet-making capacities. The company also sees favourable times for the iron ore market. As the international pricing is still at a higher level, there is no threat to Indian players, said a director replying to an analyst in the conference.
Time of India
30-04-2025
- Business
- Time of India
Lloyds Metals starts 10 million tonne iron ore slurry pipeline in Gadchiroli
Nagpur: Lloyds Metals and Energy Limited (LMEL) made its 10 million tonne capacity pipeline that would transport iron ore in slurry form for a distance of 85km operational on Wednesday. LMEL, which has its iron ore mine in the Maoist-affected district, is also coming up with an integrated steel complex in Gadchiroli . The slurry pipeline was much awaited as it can ease the burden on the district's internal roads. It is reported to be the first-ever iron ore pipeline in western India, The iron ore fines will be minutely pulverised into powder and pushed through the pipeline from its mines at Surjagarh to its plant at Konsari village, over 85km away in the same district. The company at present has an environmental clearance (EC) to extract 10 million tonnes of iron ore from the mines at Surjagarh. It has, however, submitted a proposal to get an EC for mining 25 million tonnes also. As the company hopes to get permission for enhanced mining in this financial year, at least 10 million tonnes would go through the pipeline, easing the burden on the road network to that extent, said sources part of the project. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Dark Truth Nobody Talks About! Expertinspector Click Here Undo On a daily basis, as much as 30,000 tonnes of iron ore is expected to be transported through the pipeline. The iron ore will then be used in the pellet-making plant at Konsari, which is expected to become operational by June this year, said sources part of the project. The company has plans to build three pellet plants in the district. With the first expected to start in June, work is at an advanced stage for the second. Iron ore fines can be transported through the pipeline after a further grinding process. Later, the water is separated from the iron ore, which is used for pellet making, explained a source. The company's future projects, as disclosed to the stock exchange last week, include a 190km slurry pipeline also. The survey work has been completed, and preliminary engineering has been completed. The process of getting the right of way is under way. This pipeline will start from Hedri near Surjagarh to Ghugus in Chandrapur via the Konsari plant. It will feed the steel plant at Konsari and the company's third pellet plant to come up at Ghugus. The construction of the third pellet plant is expected to start in the fourth quarter of fiscal 2026. For the integrated steel plant, which is the ultimate plan of LMEL, the construction is expected to start before the first quarter of the financial year 2027, according to the disclosures made by the company. The total investment of the company in the district is pegged at over Rs 24,000 crore.
