Lloyd Metals & Energy Ltd. (Lloyd) has announced its expansion into the renewable energy sector through the incorporation of a 100% wholly owned subsidiary (WOS) company named Lloyds Surya Private Limited (LSPL). LSPL will engage in the generation of renewable energy and other allied activities.
Lloyd Metals & Energy Ltd (Lloyd) is a debt-free company with a lower cost structure and efficient capital allocation in the capital-intensive iron and steel industry. With a current production capacity of 10 MMTPA of iron ore, 350 KTPA of DRI, and 35 MW of power generation, the company looks to diversify its revenue streams and tap into the growing demand for renewable energy in India with the acquisition of LSPL which is strategically aligned with Lloyd’s core business activities.
Financials:
Source- LMEL Investor presentation
Management Commentary on Lloyd Metals & Energy Ltd.’s Forward Integration into Steelmaking:
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Enjoy Zero Brokerage on Equity Delivery
Join our 2 Cr+ happy customers
Enjoy Zero Brokerage on
Equity Delivery