Lloyds Metals and Energy Limited has reported its best-ever operational performance for FY26, driven by massive growth in iron ore production. The company achieved 21.96 million tonnes of iron ore output, doubling its production compared to FY25. Additionally, the company saw a 57% increase in Direct Reduced Iron (DRI) production and achieved 100% capacity utilization at its 4 MTPA pellet plant, signaling robust operational efficiency and growth.
Record-Breaking Iron Ore Output
In a milestone year, Lloyds Metals and Energy Limited achieved a record-high iron ore production of 21.96 million tonnes for FY26, representing a 120% increase over the previous year. The fourth quarter was particularly strong, with volumes reaching 9.1 million tonnes—a staggering 529% year-on-year growth. This performance was bolstered by a new slurry pipeline and optimized mining execution. Looking ahead, the company has set an ambitious target to produce 26 million tonnes in FY27.
Growth in DRI and Pellet Operations
The company also demonstrated significant operational gains in its downstream segments. Direct Reduced Iron (DRI) production rose to 484,000 tonnes, a 57% increase compared to FY25, supported by the commissioning of a new 360 KTPA facility at Ghugus during the second quarter. Furthermore, the 4 MTPA pellet plant achieved 100% annualized capacity utilization, with production reaching 3.03 million tonnes for the fiscal year.
Strategic Outlook and Future Capacity
The company’s performance is further supported by a substantial inventory of 9.2 million tonnes of Banded Hematite Quartzite (BHQ). This resource is ready for processing once the company’s beneficiation plants are commissioned, providing a clear path for future value addition. With a large-scale iron ore mine at Surjagarh and an expanded environmental clearance of 55 MTPA, the company remains well-positioned to maintain its leadership in the Indian metal and mining sector.
Source: BSE
