Lloyds Metals To Raise ₹1,550 Crore Via NCDs, Boosts DRI Plant Capacity
Mumbai: Lloyds Metals and Energy Ltd on Monday announced plans to raise ₹1,550 crore through non-convertible debentures (NCDs) on a private placement basis. The company also approved a significant increase in the capacity of its Direct Reduced Iron (DRI) plants at Ghugus and Konsari. Lloyds Metals Profit Jumps 166% To ₹1,734 Crore In Q1 FY27, Revenue Surges To ₹7,354 Crore NCD Issuance Details…
Mumbai - Lloyds Metals and Energy Ltd announced plans to raise ₹1,550 crore through private placement of non-convertible debentures (NCDs) on Monday. The company also approved significant capacity increases for its Direct Reduced Iron (DRI) plants at Ghugus and Konsari. Lloyds Metals reported a 166% jump in profit to ₹1,734 crore in Q1 FY27, with revenue reaching ₹7,354 crore.
The board approved two NCD issuances, one of ₹600 crore and another of ₹950 crore, subject to regulatory approval. The Ghugus DRI plant will expand to 8,15,000 MTPA, while Konsari will rise to 92,400 MTPA. Total DRI capacity will exceed 9,00,000 MTPA post-expansion. ₹140 crore will fund Ghugus expansion, and ₹50 crore Konsari. Share allotment to Lloyds Employees Welfare Trust increased issued capital to ₹56,30,48,920. The board meeting concluded at 3:25 P.M. (IST) on 21 September 2026.
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