Lloyds Metals & Energy Ltd. (LMEL) witnessed a 2% surge in its share price after reporting its highest-ever annual sponge iron production. The company achieved an impressive 3,08,243 tonnes in FY25, marking an 18% year-on-year (YoY) increase compared to 2,61,836 tonnes in FY24.
Out of LMEL’s seven kilns, six have recorded their highest-ever production and have been operating at rated capacity. The company’s iron ore production remained steady at 10 million tonnes, reaching its peak production under its environmental clearance (EC) limits.
This milestone highlights Lloyds Metals’ commitment to operational efficiency and consistent performance in the sector. The company credits this achievement to its dedicated operations team, which has ensured smooth and efficient production across all locations.
Key Production Highlights (Provisional):
- Sponge Iron (DRI) Production: 3,08,243 tonnes in FY25 vs. 2,61,836 tonnes in FY24 (+18% YoY)
- Iron Ore Production: 10 million tonnes in FY25 vs. 10 million tonnes in FY24
Lloyds Metals’ stock opened at ₹1,278.80 and touched a high of ₹1,306.25, while the low stood at ₹1,278.10. The stock remains strong, trading near its 52-week high of ₹1,478.00, significantly above its 52-week low of ₹592.00.
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