Lloyds Metals and Energy Limited Reports Record-Breaking FY26: Iron Ore Production Surges 120%

Lloyds Metals and Energy Limited (LMEL) has announced its best-ever operational performance for the financial year ending March 31, 2026. The company achieved massive growth across its mining and value-added segments, driven by the successful commissioning of new facilities and enhanced logistical infrastructure.

The standout performer was the Iron Ore division, which saw production soar to 21.96 million tonnes, a 120% increase over the 10 million tonnes produced in FY25. The fourth quarter (Q4 FY26) alone witnessed a staggering 529% Year-on-Year (YoY) increase in volumes, aided by the swift execution of mining operations and the utilization of the newly commissioned slurry pipeline.

In the value-added segments, Direct Reduced Iron (DRI) production grew by 57% to reach 483,592 tonnes, supported by the new 360 KTPA facility at Ghugus. Additionally, the company's 4 MTPA Pellet plant at Konsari reported its first full year of production at 3.03 million tonnes, achieving an annualized capacity utilization of 100%. With an expanded environmental clearance for 55 MTPA, LMEL has set an ambitious target to produce 26 million tonnes of iron ore in FY27.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1348.15 as compared to the previous close of Rs. 1270.70. The total number of shares traded during the day was 46972 in over 2251 trades.

The stock hit an intraday high of Rs. 1353.95 and intraday low of 1301.70. The net turnover during the day was Rs. 62604925.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 FY2026 IronOreProduction