Intimation for Operational Update for FY26
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Metals and Energy Limited reported record operational performance for FY26. Iron ore production reached 21.96 million tonnes, doubling year-on-year and hitting the maximum limit as per Environmental Clearance. Q4 FY26 iron ore volumes surged 529% year-on-year to 9.1 million tonnes, aided by the slurry pipeline and fast-tracked mining execution. DRI production grew 57% to 484,000 tonnes following commissioning of a new 360 KTPA facility at Ghugus. Pellet production hit 3.03 million tonnes with 100% capacity utilisation at the 4 MTPA plant. The company also has 9.2 million tonnes of BHQ ore pending processing through upcoming beneficiaton plants, with a target to produce 26 MT iron ore in FY27.
The company delivered exceptional year-on-year growth across all segments, doubling iron ore output and maximising capacity utilisation in pellets and DRI, signalling strong operational leverage and execution capability. This operational strength should be positively viewed by investors.