Lloyds Metals and Energy Ltd commissions DRI Manufacturing Facility at Konsari

Lloyds Metals and Energy Limited ("LMEL") established a new milestone in the Gadchiroli District of the State of Maharashtra by installing and commencing DRI manufacturing facility with a rated capacity of 70,000TPA (2 X 95TPD) and a 4MW WHRB based power plant. The Company has commissioned the plant within 13 months of getting the Environmental Clearance ("EC") from the State Environment Impact Assessment Department, Maharashtra. This time-bound execution demonstrates the Company's agility in Project Execution. This plant represents a substantial stride in advancing industrial progress in Gadchiroli, being the first Industrial setup of significant size in nearly 25 years. The momentous event is a testament to our shared vision of advancement and innovation for this "Prime Minister's Aspirational District."

Lloyds Metals and Energy Limited ("LMEL"), incorporated in 1977, is a Direct Reduced Iron ("DRI") manufacturer and is the largest merchant iron ore miner in Maharashtra, India. It has a 3,40,000TPA capacity for Direct Reduced Iron ("DRI") across two Districts in Maharashtra and 34MW waste heat recovery based ("WHRB") power plant. LMEL has a current capacity of 10 MTPA of iron ore at Surjagarh Village, Gadchiroli district in Maharashtra. With its iron ore mine advantageous location, it's been able to access all the key markets across pan India. Driven by rich cultural values and decades of experience, we constantly seek new ways to revolutionize mining and iron-making.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 553.20 as compared to the previous close of Rs. 561.20. The total number of shares traded during the day was 25587 in over 1027 trades.

The stock hit an intraday high of Rs. 565.50 and intraday low of 547.25. The net turnover during the day was Rs. 14269256.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 DRIManufacturingFacility Konsari Commissioned