Lloyds Metals and Energy Secures Environmental Clearance For Projects in Maharashtra

Lloyds Metals and Energy Ltd has received environmental clearance from the Ministry of Environment, Forest, and Climate Change for its new wire rod and pellet plant projects in Maharashtra. The approval marks a significant step in the company’s expansion plans.

Approval for Wire Rod and Pellet Plant Projects

On March 20, 2025, Lloyds Metals announced that it had secured environmental clearance for its upcoming 1.2 MTPA wire rod project and 4 MTPA pellet plant project at Ghugus, Chandrapur. The approval, granted by the Ministry of Environment, Forest, and Climate Change, paves the way for the company’s capacity expansion.

Production Growth and Operational Milestones

Earlier this year, Lloyds Metals reported a 22% year-on-year (YoY) increase in direct reduced iron (DRI) production, reaching 238,000 tonnes for the nine-month period. Iron ore production also grew by 5% YoY to 8.6 MT, with December recording the highest monthly DRI output. The company’s operations are running near full capacity, reinforcing its position in the industry.

Lloyds Metals Share Performance 

As of March 21, 2025, at 01:15 PM, Lloyd Metals share price is trading at ₹1,289.15 per share, reflecting an upside of 2.57% from the previous day’s closing price. Over the past month, the stock has surged by 8%.

Conclusion

With the latest environmental clearance, Lloyds Metals is set to expand its production capabilities, further strengthening its presence in the Indian metals sector. The company’s continued growth in DRI and iron ore production highlights its operational efficiency and strategic expansion.

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