Lloyds Metals and Energy Limited’s Board of Directors convened on November 3, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026. The Board also greenlit several key strategic initiatives, including the establishment of a 360 MW thermal power plant at Konsari, Maharashtra, and an investment of up to 30% stake in renewable energy projects for captive consumption. Additionally, approvals were granted for employee stock option plans and further investment in a subsidiary.
Board Approves Key Financials and Strategic Growth Initiatives
The Board of Directors of Lloyds Metals and Energy Limited met on Tuesday, November 3, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Accompanying these results is a Limited Review Report from the Statutory Auditors.
Strategic Investments and Expansions
Several significant strategic decisions were made during the meeting:
Power Generation Expansion
- 360 MW Thermal Power Plant: The Board approved the establishment of a 2 x 180 MW thermal power plant at Konsari, Maharashtra, with an aggregate installed capacity of 360 MW. This plant is primarily intended to meet the power requirements of the company’s integrated operations at Hedri and Konsari. The estimated capital expenditure for this project is Rs. 3,240 crore.
- Renewable Energy Projects: An enabling approval was granted for investments of up to 30% stake in renewable energy projects for captive consumption, aligning with the company’s commitment to sustainable energy sources.
Employee Stock Option Plans
The Board approved the grant of employee stock options under the “Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017” and the “Lloyds Metals and Energy Employee Stock Option Scheme – 2024”. Specifically, 62,000 options were approved under ESOP 2017 and 13,08,571 options under ESOP 2024.
Investment in Subsidiary
Further investment in Thriveni Earthmovers and Infra Private Limited (TEIL), a subsidiary, was approved up to an aggregate value of Rs. 625 crore through a rights issue or further capital issuance.
Fundraising Approval
Approval was also granted for raising funds through the issuance of United States Dollar denominated notes, bonds, or other debt securities, for an aggregate principal amount of up to USD 300 Million, subject to regulatory approvals.
Additional Disclosures
The company also provided disclosures related to security cover certificates, utilization of issue proceeds from non-convertible debentures, and other financial information as per regulatory requirements.
Source: BSE
