Lloyds Metals Sees Strong Growth in DRI and Iron Ore Production in FY25

Lloyds Metals & Energy Ltd. (LMEL) witnessed strong operational improvement in the nine months to December 2024, with significant increases in production of DRI and iron ore every year.

DRI production in the company saw a rise of 22% on a year-on-year basis, climbing to 238000 tonnes during the period. December proved to be the most significant month for the company, representing the highest-ever DRI production for it. LMEL’s DRI works at a capacity of 340000 tpa, while efforts are being made to run these works at near full capacity. This is a significant increase in production efficiency, indicating strong demand for its products.

The annual increase in iron ore production by 5%, up to a total of 8.6 million tonnes, was in concomitance with DRI production. The iron ore production plant is located in Surjagarh village of Gadchiroli district of Maharashtra, and the installed capacity is 10 million tonnes per annum.

The overall operational support system for LMEL is the power plant based on waste heat recovery, which is of 34-MW capacity and -efficient and is sustainable energy to the company. The quality products of the company are being supplied to the states of India and are setting up the market for steel-making materials.

Overall, in FY25, LMEL can leverage growing market needs and produce at full capacity. December with all its operational feats could well propel the company into a future filled with success and bolster its position in the Indian metals and energy sector.