Lloyds Metals and Energy Ltd has received approval from the Ministry of Environment, Forest, and Climate Change for its upcoming wire rod and pellet plant projects in Maharashtra. This marks a major milestone in the company’s growth strategy.
On March 20, 2025, the company announced that it had secured environmental clearance for a 1.2 MTPA wire rod plant and a 4 MTPA pellet plant project located at Ghugus, Chandrapur. The approval is a crucial step in expanding the company’s production capacity.
Earlier in the year, Lloyds Metals reported a 22 per cent increase in direct reduced iron (DRI) production, reaching 238,000 tonnes during the nine-month period. Iron ore production also grew by five per cent, totaling 8.6 million tonnes, with December marking the highest monthly DRI output. With operations running near full capacity, the company has solidified its position within the industry.
As of March 21, 2025, Lloyds Metals shares were priced at Rs 1,289.15, reflecting a 2.57 per cent increase from the previous day. Over the past month, the stock has gained eight per cent.
With this latest environmental clearance, Lloyds Metals is poised to enhance its production capabilities, reinforcing its presence in the Indian metals sector. The company’s strong performance in DRI and iron ore production demonstrates its efficiency and commitment to expanding its operations.
