Lloyds Metals posts strong H1FY26 operational growth, boosts iron ore output
Lloyds Metals and Energy Limited (LMEL) achieved a 24% year-on-year increase in iron ore production, reaching 7.4 million tonnes in H1FY26. Q2FY26 volumes alone surged by 77% year-on-year to 3.4 million tonnes, aided by the commissioning of a new slurry pipeline.
The company's new 360 KTPA Direct Reduced Iron (DRI) facility at Ghugus commenced operations during Q2FY26, contributing to an overall DRI production of 167,812 tonnes in H1FY26, a 4% growth over H1FY25.
The newly commissioned 4 MTPA pellet plant produced 0.81 million tonnes in H1FY26, operating at an annualised capacity utilisation of 79%. The company continues to scale up production following the receipt of environmental clearance for 55 MTPA, with future plans to process 1.2 million tonnes of BHQ once beneficiation plants are commissioned.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when Lloyds Metals and Energy publishes news
Free account required • Unsubscribe anytime