Intimation for Operational Update for Q1FY26
LLOYDSME · price
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Lloyds Metals reported stable Q1FY26 production with DRI output at 79,033 tonnes (up 3% YoY) and iron ore production holding steady at 4 million tonnes. The company secured an Environmental Clearance to expand iron ore mining capacity to 26 MTPA from current levels. Additionally, its new 4 MTPA pellet plant and 85 km slurry pipeline commenced operations in June 2025, marking key milestones in downstream integration. The pellet plant and pipeline are expected to ramp up progressively through the fiscal year. These developments strengthen LMEL's position as Maharashtra's largest merchant iron ore miner.
Positive for shareholders — new pellet capacity and slurry pipeline should boost margins and revenue going forward, while the expanded mining clearance supports long-term growth. Stable production and capacity additions signal steady operational momentum.