Lloyds Metals and Energy | Business Upturn

Lloyds Metals and Energy shares rise over 2% after securing environmental clearance for key projects

Aditya Bhagchandani — Fri, 21 Mar 2025 03:53:58 +0000

Shares of Lloyds Metals and Energy Limited (LMEL) gained over 2% on March 21 after the company announced that it has secured Environmental Clearance (EC) from the Ministry of Environment, Forest, and Climate Change, Government of India. This approval, granted on March 20, 2025, allows the company to proceed with its 1.2 MTPA Wire Rod Project and 4.0 MTPA Pellet Plant Project at Ghugus, Chandrapur, Maharashtra.

As of 9:40 am the shares were trading 2.20% higher at ₹1,284.55 on NSE.

In its exchange filing, LMEL stated:
“In furtherance to our intimations dated October 23, 2023, and January 22, 2024, we would like to inform that we have been granted Environmental Clearance by the Ministry of Environment, Forest, and Climate Change, Government of India (IA Division) on March 20, 2025, for the upcoming 1.2 MTPA Wire Rod Project and 4.0 MTPA Pellet Plant Project at Ghugus, District Chandrapur, Maharashtra.”

This milestone marks a significant step in LMEL’s expansion strategy, reinforcing its commitment to sustainable growth in the steel and energy sector. The clearance ensures compliance with environmental regulations, enabling the company to increase its production capacity and further strengthen its industry presence.

With this approval in place, LMEL is poised to move forward with its key projects, driving economic growth and job creation in the region. The announcement has been well received by investors, contributing to the stock’s positive movement in the market today.

Lloyds Metals and Energy acquires 79.82% stake in Thriveni Earthmovers for Rs 70 crore

Matrika Shukla — Mon, 17 Feb 2025 12:30:41 +0000

Lloyds Metals and Energy Limited has successfully entered into a share subscription agreement for the acquisition of a significant stake in Thriveni Earthmovers and Infra Private Limited (TEIL). The agreement, finalized today, will see the company acquire 70,00,00,000 equity shares of TEIL, representing 79.82% of the total issued, subscribed, and paid-up equity capital of TEIL, for a total consideration of ₹70 crore.

This move follows the earlier announcement in December 2024, where Lloyds Metals’ Board of Directors approved the proposed acquisition, subject to shareholder approval. The shareholders of the company gave their approval in an extraordinary general meeting held on 17th January 2025, with the requisite majority. The proceedings of the meeting and the voting results were disclosed by the company shortly thereafter.

The share subscription agreement, officially executed on 17th February 2025, is a significant step for Lloyds Metals as it strengthens its position in the earthmoving and infrastructure sector. The company’s acquisition is in line with its strategy to expand its portfolio and enhance its market presence.

As per the requirements under the Securities and Exchange Board of India (SEBI) regulations, Lloyds Metals has already provided the necessary disclosures in relation to the acquisition, ensuring full transparency and compliance with the regulatory guidelines. The company has also confirmed that the acquisition is subject to customary closing conditions.

Lloyds Metals and Energy Limited is a leading company involved in the production of metals and energy solutions. The company is known for its strong presence in the industrial sector, with a commitment to growth through strategic acquisitions and investments.

Lloyds Metals And Energy shares surge 7% amid positive market sentiment

Aman Shukla — Fri, 29 Nov 2024 07:04:48 +0000

Lloyds Metals and Energy Ltd. has seen a significant boost in its stock price, with shares jumping 7% following a surge in positive market sentiment. Investors have shown increased confidence in the company’s potential, reflected in its recent performance in the stock market.

As of the latest trading session, Lloyds Metals and Energy shares have opened at ₹977.00, reaching a high of ₹1,063.00. This impressive movement highlights the growing interest in the company, driven by optimistic market conditions.

Over the past four trading sessions, Lloyds Metals and Energy shares have shown positive momentum:

Nov 28, 2024: Shares rose by 0.86%, closing at ₹968.45.
Nov 27, 2024: The stock saw a modest increase of 0.36%, closing at ₹960.15.
Nov 26, 2024: The stock declined by 0.91%, ending the day at ₹956.75.
Nov 25, 2024: A notable gain of 5.63% brought the stock to ₹965.50.

Today, as of 12:33 pm, Lloyds Metals shares were trading 6.80% higher at Rs 1,034.60 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Lloyds Metals and Energy Q2 FY25 Results: Net Profit declines 46% QoQ to ₹301.32 crore, Revenue falls 43.5% QoQ to ₹1,364.43 crore

Aditya Bhagchandani — Wed, 23 Oct 2024 09:33:38 +0000

Lloyds Metals and Energy Limited (LLOYDSME) has announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2024.

Net Profit: The company reported a net profit of ₹301.32 crore in Q2 FY25, marking a 30.2% year-on-year (YoY) growth from ₹231.26 crore in Q2 FY24. However, there was a significant 46% quarter-on-quarter (QoQ) decline from ₹557.40 crore in Q1 FY25.
Revenue from Operations: Revenue from operations stood at ₹1,364.43 crore, reflecting a 25% YoY increase from ₹1,091.31 crore in Q2 FY24. However, revenue fell 43.5% QoQ from ₹2,417.24 crore in Q1 FY25.

Other Key Metrics:

Total Income: ₹1,469.80 crore for Q2 FY25, compared to ₹1,111.23 crore in the corresponding quarter last year.
Total Expenses: ₹1,046.28 crore, up from ₹816.18 crore in Q2 FY24, driven by higher costs of materials consumed and mining, royalty, and freight expenses.
Profit Before Tax: The company posted a profit before tax of ₹423.52 crore, compared to ₹295.05 crore in Q2 FY24, reflecting a 43.5% YoY increase.

The results indicate robust year-on-year growth, although there has been a sequential decline in both revenue and profitability compared to the previous quarter.

Lloyds Metals and Energy shares surge over 3%, hits 52-week high on strong operational performance

Aditya Bhagchandani — Tue, 01 Oct 2024 08:17:18 +0000

Shares of Lloyds Metals and Energy Limited (LMEL) surged by over 3%, hitting a 52-week high on the back of its strong operational performance in H1FY25. The company recently reported robust growth in production, boosting investor confidence.

Key Reasons for Surge:

DRI Production Growth: LMEL’s Direct Reduced Iron (DRI) production reached 1,61,672 tonnes, reflecting a significant 41% year-on-year (YoY) growth compared to H1FY24. The increased production is driven by its newly commissioned 70,000-tonne DRI facility at Konsari, operating at full capacity.
Iron Ore Production Milestone: The company achieved its highest-ever half-yearly iron ore production, recording 5.9 million tonnes, up 4% YoY. This milestone reinforces LMEL’s position as the largest merchant iron ore miner in Maharashtra.

The strong operational performance, including growth in DRI and iron ore production, has led to a positive market response, with the stock rallying to new heights. LMEL’s strategic focus on sustainable mining and expanding capacity has also contributed to the bullish outlook on its stock.

Lloyds Metals and Energy reports 41% YoY growth in DRI production for H1FY25

Aditya Bhagchandani — Tue, 01 Oct 2024 08:14:38 +0000

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.