Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited to explore potential collaboration in raw material mining, logistics, pellets, and steel making. This partnership aims to leverage synergies and explore opportunities in Gadchiroli, Maharashtra, potentially increasing iron ore production and evaluating existing integrated steel projects. The MoU also covers greenfield steel projects and value-added products.
Strategic Collaboration with Tata Steel
Lloyds Metals and Energy Limited has formalized a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited, marking a significant step towards exploring strategic partnerships in the metals and energy sector. The MoU, announced on December 10, 2025, focuses on potential cooperation in areas critical to steel production.
Key Areas of Cooperation
The collaboration aims to examine opportunities in several key areas:
- Raw material mining
- Logistics
- Pellets
- Steel making
The intended partnership will explore synergies between Lloyds Metals and Tata Steel, potentially leading to cooperation in greenfield steel making projects, iron ore mining, and the production of value-added low carbon iron and steel products.
Focus on Gadchiroli Opportunities
Under the MoU, both companies plan to investigate opportunities within the Gadchiroli district of Maharashtra, including:
- Operating mining concessions to increase iron ore production.
- Evaluating strategic cooperation in existing integrated steel projects being developed by Lloyds Metals.
Tata Steel’s Presence
Tata Steel, with a crude steel making capacity of 35 MTPA, is one of the leading steel companies globally. The company has integrated steelmaking facilities and a diverse product portfolio.
Lloyds Metals’ Expansion
Lloyds Metals currently operates the largest iron ore mine in India, located in Gadchiroli. The company is expanding into integrated steel manufacturing, aiming to position Gadchiroli as an emerging steel hub.
Commitment to Growth
Lloyds Metals is dedicated to enhancing its production capabilities and contributing to the sustainable development of the steel sector in India.
Source: BSE
