Lloyds Metals and Energy Limited (LMEL) has released its operational update for the first half of the financial year 2024-25 (H1FY25), reporting strong growth in production metrics.
Key Highlights:
- DRI Production: The company’s Direct Reduced Iron (DRI) production stood at 1,61,672 tonnes, marking a significant 41% increase year-on-year (YoY) from H1FY24.
- Iron Ore Production: LMEL achieved its highest-ever half-yearly iron ore production, reaching 5.9 million tonnes, which is a 4% YoY growth compared to H1FY24.
The growth in DRI volumes is attributed to the new 70,000-tonne DRI facility at Konsari, commissioned in FY24, which is now operating at full capacity.
Production Comparison:
| Production | H1FY25 | H1FY24 | FY24 |
|---|---|---|---|
| DRI (tonnes) | 1,61,672 | 1,14,468 | 2,61,984 |
| Iron Ore (Mn tonnes) | 5.9 | 5.7 | 10 |
About LMEL: Incorporated in 1977, Lloyds Metals and Energy is a leading DRI manufacturer and the largest merchant iron ore miner in Maharashtra, with a production capacity of 3,40,000 TPA for DRI and a 34 MW waste heat recovery-based power plant. The company’s focus remains on sustainable mining and ironmaking.
