More Details on This News

Lloyds Metals and Energy Limited has announced its operational performance for the 9 months ended FY26 (9MFY26), demonstrating strong production growth across key segments.

Iron ore output for 9MFY26 reached 12.9 million tonnes, marking a significant 50% year-on-year increase. This achievement surpasses the company's entire annual production for FY25. Quarter 3 (Q3) FY26 saw iron ore volumes at 5.5 million tonnes, a 110% year-on-year rise, attributed to enhanced mining activities and the successful commissioning of a slurry pipeline which improved evacuation efficiency. The company also mined 4.5 million tonnes of Banded Hematite Quartzite (BHQ), which will be processed upon the commissioning of beneficiation plants.

Direct Reduced Iron (DRI) production for 9MFY26 was 291,099 tonnes, a 22% increase compared to 238,433 tonnes in 9MFY25. The commissioning of a new 360 KTPA DRI facility at Ghugus in Q2 FY26 contributed to higher DRI production in Q3 FY26, which saw a 61% year-on-year increase.

The 4 MTPA pellet plant produced 1.95 million tonnes in 9MFY26, operating at an annualized capacity utilization of over 95%. The company highlighted that its 85 km slurry pipeline from Hedri to Konsari and the 4 MTPA pellet plant at Konsari have significantly strengthened logistics integration and downstream value addition.