{
  "id": 8914534,
  "title": "Lloyds Metals To Raise ₹1,550 Crore Via NCDs, Boosts DRI Plant Capacity",
  "url": "https://urgent.news/2026/09/21/lloyds-metals-to-raise-1-550-crore-via-ncds-boosts-dri-plant-capacity",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T11:13:26.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/lloyds-metals-to-raise-1550-crore-via-ncds-boosts-dri-plant-capacity"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}