Intimation of successful bidder in respect of Tandsi - III & Tandsi - III (Extension) Coal Mine

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹1402.00

prior close

₹1421.00

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.5% vs market

Industrial Minerals peers, median of 12sector-0.9%+1.8% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 1.8 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Midcap 150Sector · Industrial Minerals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Lloyds Metals & Energy has won the Tandsi-III and Tandsi-III Extension coking coal mine with a premium of 10.5%. The mine, located on the Madhya Pradesh–Maharashtra border about 400 km from Ghugus, spans around 338 hectares with estimated total reserves of 23 million metric tonnes. The project will use a mix of opencast and underground mining methods, targeting a production capacity of up to 0.30 million tonnes per annum. A four-year development timeline is planned, and formal agreements will be executed in due course.

Likely market impact

This is a positive development as it adds a coking coal asset to the company's mining portfolio, supporting backward integration for steel-making needs. However, the relatively small production capacity (0.30 MTPA) and 4-year build-out suggest any material financial impact will be gradual rather than immediate.