Lloyds Metals and Energy Limited announced a robust operational performance for 9MFY26, with iron ore production significantly surpassing FY25 annual figures. Iron ore volumes increased by 50% year-over-year, while DRI production saw a 22% increase. Pellet production also exceeded annualised capacity utilisation during Q3. These results underscore the company’s consistent growth across key operational segments.
Iron Ore Production Surpasses Expectations
Lloyds Metals & Energy Limited reported that its 9MFY26 iron ore output reached 12.9 million tonnes, marking a substantial 50% increase compared to the previous year. Notably, Q3 FY26 volumes stood at 5.5 million tonnes, reflecting a 110% year-over-year increase. This surge was attributed to efficient on-site mining activities and the successful commissioning of a slurry pipeline.
Direct Reduced Iron (DRI) Output Increases
The company’s Direct Reduced Iron (DRI) production for 9MFY26 amounted to 291,099 tonnes, a 22% increase from the 238,433 tonnes produced in 9MFY25. The newly commissioned 360 KTPA DRI facility at Ghugus also contributed to higher DRI production during Q2 FY26.
Pellet Plant Exceeds Capacity
The 4 MTPA pellet plant contributed 1.95 million tonnes during 9MFY26, translating to capacity utilization of over 95%.
Source: BSE
