Lloyds Metals & Energy Ltd

Lloyds Metals & Engineers Limited was originally incorporated as 'Nagarjuna Metals & Engineers Private Limited' in April, 1977. It converted to a Public Limited Company in 1986 and then was changed to 'Lloyds Metals & Engineers Limited' in 1990 and later on to 'Lloyds Metals & Energy Limited' on April 25, 2011. The Company is engaged in mining iron ore, manufacturing coal-based Direct Reduced Iron (DRI)/(Sponge Iron) and generating power. The Company is one of the largest coal-based DRI manufacturers in Maharashtra with a production capacity of 3,40,000 TPA across two districts. It has a DRI plant with a production capacity of 2,70,000 TPA along with a captive power plant with a 30 MW capacity at Ghugus, Chandrapur district, Maharashtra, and a greenfield plant with a production capacity of 70,000 MTPA in Konsari, Gadchiroli with a 4 MW captive power plant. The company in Feb. 1995, came out with a public issue at a premium of Rs.140 to part finance its project to manufacture Sponge Iron (1.5 lakh TPA capacity) and ERW Pipes( 75000 TPA capacity) and to meet its long term working capital requirements. First phase of the project was commissioned in Sep 1995. The company proposes to tap the international market again to increase the sponge iron plant capacity to 6,00,000 tones per annum by setting up additional kilns with associated power plants and for undertaking iron ore mining by acquiring and developing iron ore mines near the sponge iron plant to economize on the production cost of sponge iron. The work on sponge iron second phase to enhance production capacity along with captive power plant of 12 MW is progressing slow due to change in plant technology. The company's revised proposal is under consideration with financial institution. As Part of the revival of the economic condition of the Company, the Scheme of Arrangement in respect of de-merger of the C.R. sheets division into Encon Technologies Limited and amalgamation of rest of the Company thereafter with Insco Steels Limited is proposed to be effected and the same has been approved by the Members at their meeting held on June 1st, 2000. The Company has become a Sick Company and reference has been registered during the year with BIFR to seek determination of measures. During the year 2004-05, the Company floated a wholly owned subsidiary for the purpose of Iron ore mining activities. The Company with the approvals of the shareholders and creditors as also of the Honb'le High Court of Judicature at Bombay vide it's Order passed on 24 April, 2009, transferred / demerged the Steel Tubes and Pipes Undertaking at Murbad under Scheme of Arrangement into the wholly owned subsidiary M/s Lloyds Line Pipes Ltd (LLPL), from November 1 , 2008, as a going concern basis and made the said Scheme effective from May 14, 2009. During 2014-15, Company commissioned a 30 MW co-generation Waste Heat Recovery Based (WHRB) Power Plant, at Ghugus, Maharashtra. In 2021, the Company entered into a strategic partnership with MDO contractor, Thriveni Earthmovers Private Limited (Copromoter), and from September, 2021 the mine re-commenced the operations in full capacity with the assistance of Thriveni Earthmovers Private Limited. In 2021, the Company got into an MOU with Thriveni Earthmovers Private Limited, for operating an Mining Development Operators Contractors (MDO) and pursuant to this MOU, the Thriveni Earthmovers Private Limited and Lloyds Metals and Energy Limited incorporated a Joint Venture Company 'Thriveni Lloyds Mining Private Limited' on 28th May, 2020 in the ratio of 60:40, for doing Mining Operations only. In 2022, it started with two modules of 95 TPD Sponge iron plant along with 4 MW waste heat recovery power plant and started studying for a 3 MTPA flat product ISP at Konsar. In 2022, Company commissioned Tata Steel Industrial Consulting (TSIC) to undertake an advanced mineral exploration program, resulting in 188 boreholes totaling 23,121 meters. In 2023, the Company developed a 'Stockyard' near Allapalli with a truck weighment and screening facility capable of handling 10 Million Metric Tonnes of Iron Ore material per annum. It started with two modules of 95 Tonnes per day sponge iron plant along with 4 Mega Watt waste heat recovery power plant, totaling 62,700 MTPA. It developed domestic market for foundry grade pig iron, iron ore pellets and expanded export market for pellets. In 2022-23, Thriveni Lloyds Mining Private Limited became a subsidiary of the Company effective 20th January, 2023; Lloyds Infinite Foundation was made a wholly owned subsidiary of the Company effective from 18th October, 2022. In 2024, Company commenced its production of 70,000 tonnes DRI Plant at Konsari .The iron ore mining rated capacity scaled to 10 million tonnes per annum in 2024. In 2025, Company acquired a majority stake of 79.82% in Thriveni Mining Development Operating (MDO) business of Thriveni Earthmovers Private Limited (TEMPL) and the MDO business of TEMPL has demerged ta a new company, Thriveni Earthmovers and Infra Private Limited (TEIL), making TEIL a subsidiary of the Company during the year. The commencement of commercial production of Copper Cathodes at Surya Mines in the Democratic Republic of Congo (DRC), has marked the entry into a global copper value chain. Further, Company acquired a strategic stake in the Chemaf Group in the DRC by expanding the international market in 2026. The 1.2 MTPA DRI Plant has been commissioned at Ghughus, Chandrapur. Apart from these, Slurry Pipeline - Line 1 (85 km, Hedri to Konsari, 10 MTPA capacity) is commissioned and fully operational. 4 MTPA Pellet Plant - Plant 1 at Konsari also commissioned during the year 2026 and the 4 MTPA Pellet Plant - Plant 2 has been commissioned at Konsari in May 2026.