Lloyds Metals And Energy Limited has informed the Exchange regarding 'Receipt of Environment Clearance for Expansion of Iron Ore Mining Capacity to 55 MTPA'.
LLOYDSME · price
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On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 0.3 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.
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Lloyds Metals has received Environmental Clearance from the Ministry of Environment, Forest and Climate Change on 25th June 2025 to expand its iron ore mining capacity to 55 MTPA (million tonnes per annum), making it India's largest iron ore mine. The expansion will be phased — starting with 26 MTPA of Hematite ore and later scaling to 55 MTPA including 45 MT of BHQ ore, with gradual replacement by beneficiated output. A 5 TPH pilot beneficiation plant in Hedri is already achieving over 66% Fe content and 35% yield, and the company is building one of the world's largest iron ore beneficiation facilities. The EC supports the company's forward integration into pellets and steel making, expected to improve cost structures and EBITDA margins. Actual commencement of expanded operations still awaits the Consent to Operate from the Maharashtra Pollution Control Board, which has been applied for.
Strongly positive for shareholders — this is a landmark regulatory approval that unlocks significant capacity growth, backward integration benefits, and margin expansion. The stock may see positive sentiment, though the actual ramp-up timeline depends on receiving the MPCB consent.