Lloyds Metals and Energy Limited has reported its highest ever operational performance for the fiscal year 2026, with significant increases in production across its key segments. The company achieved a record iron ore output of 21.96 million tonnes, marking a 120% year-on-year increase. The fourth quarter alone saw iron ore volumes reach 9.1 million tonnes, a staggering 529% rise compared to the same period last year. This robust performance was supported by the company’s efficient slurry pipeline and swift mining execution.
In addition to iron ore, Lloyds Metals also saw substantial growth in its Direct Reduced Iron (DRI) production, which reached 484,000 tonnes in FY26, up from 308,000 tonnes in the previous fiscal year, representing a 57% increase. The company commissioned a new 360 KTPA DRI facility at Ghugus during the second quarter of FY26, with six out of its nine kilns achieving their best-ever production run rates.
The company’s pellet production also reached new heights, with the 4 MTPA pellet plant producing 3.03 million tonnes, achieving an annualised capacity utilisation of 100%. Optimisation measures implemented in the pellet plant resulted in March posting the best-ever run rate of 0.42 million tonnes.
Lloyds Metals and Energy Limited, incorporated in 1977, is a leading integrated metal and mining company in Maharashtra, India. It operates one of the country’s largest single-location iron ore mines at Surjagarh, Gadchiroli district, with an expanded Environmental Clearance capacity of 55 million tonnes per annum, including beneficiation of Banded Hematite Quartzite.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).