Lloyds Metals and Energy Ltd have signed Memorandum of Understanding ('MOU') with Government of Maharashtra to facilitate investment in respect of the proposed Mineral based Steel Plant at Gadchiroli District, Maharashtra, with an investment of Rs. 700 Crores generating direct employment opportunity upto 800 persons in two phases spread over next 10 years, during the Magnetic Maharashtra Convergence - 2018 on 15.02.2018.
Further, The Government of Maharashtra will facilitate the Company to obtain necessary permission / registrations / approvals / clearances / fiscal incentives etc. from the concerned department of the state, as per the existing policies / rules and regulations of the Government of Maharashtra.
Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs.17.35 as compared to the previous close of Rs. 17.05. The total number of shares traded during the day was 110349 in over 313 trades.
The stock hit an intraday high of Rs. 17.8 and intraday low of 16.1. The net turnover during the day was Rs. 1891281.