Lloyds Metals and Energy Limited (LMEL) announced operational updates for the nine months ended December 31, 2024, highlighting significant growth in production volumes.
Key Highlights:
- Iron Ore Production: Achieved 8.6 million tonnes, marking a 5% year-on-year (YoY) increase, the highest-ever for a nine-month period.
- Direct Reduced Iron (DRI) Production: Reached 238,433 tonnes, reflecting a 22% YoY growth. December 2024 recorded the highest monthly production, with DRI units operating near full capacity.
Production Breakdown:
| Production | 9MFY25 | 9MFY24 | FY24 |
|---|---|---|---|
| DRI (Tonnes) | 2,38,433 | 1,96,019 | 2,61,984 |
| Iron Ore (Mn Tonnes) | 8.6 | 8.2 | 10 |
About LMEL:
Incorporated in 1977, LMEL is a leading DRI manufacturer and the largest merchant iron ore miner in Maharashtra. It operates with a 10 MTPA iron ore capacity at Surjagarh Village, Gadchiroli, and a 3,40,000 TPA DRI capacity across two districts in Maharashtra.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult official company reports and filings for accurate details.
