Lloyds Metals and Energy Ltd announced during its investor meet that it has acquired a majority stake in Thriveni Earthmovers’ mining business. This strategic move is set to significantly enhance the company’s mining capacity and financial outlook.
Key Highlights:
- Enhanced Mining Capacity: The Surjagarh Iron Ore Mine’s production will increase from 10 million tons to 25 million tons annually, boosting output by 150% and reducing mining costs.
- Order Book Growth: The acquisition secures a robust order book worth ₹70,000 crore over the next 15-18 years.
- Revenue & EBITDA Projections: The deal is projected to contribute ₹27,000 crore in cumulative revenues and ₹9,000 crore in EBITDA during FY26-28.
- Strategic Goals: Lloyds Metals aims to strengthen its position as a low-cost, high-efficiency player in the steel and mining sectors.
- Long-Term Vision: This acquisition aligns with the company’s strategic focus on scaling operations, creating shareholder value, and achieving operational excellence.
This acquisition reaffirms Lloyds Metals’ commitment to becoming a key player in India’s mining and steel industries.
TOPICS:
Lloyds Metals