Lloyds Metals and Energy to Invest Rs 22,000 Crore in Mega Integrated Steel Plant

Lloyds Metals and Energy, one of India’s largest iron ore miners by market capitalization, has announced plans to invest Rs 20,000–22,000 crore over the next four to five years to establish a state-of-the-art integrated steel plant. The facility will have an annual capacity exceeding four million tonnes, producing 3 million tonnes of hot-rolled coils and 1.2 million tonnes of wire rods.

The company aims to fund the majority of the capital expenditure through internal accruals, with selective debt funding if required. With robust cash flow projections of Rs 3,000–5,000 crore starting FY26, Lloyds Metals is well-positioned to support this ambitious expansion without compromising financial stability.

The planned steel plant is expected to significantly strengthen India’s domestic steel manufacturing capabilities while creating substantial employment opportunities during construction and operation phases. Beyond production, the facility will contribute to the growth of ancillary industries and suppliers, further enhancing the industrial ecosystem.

While Lloyds Metals intends to operate its mines and steel plant independently, the company remains open to strategic partnerships with both Indian and international steel producers. These collaborations could bring in advanced technological expertise, manufacturing know-how, and process efficiencies, boosting overall productivity and product quality.

This investment underscores Lloyds Metals’ commitment to expanding its footprint in the steel sector, aligning with India’s broader vision of self-reliance in strategic industries. With a focus on high-quality production and sustainable operations, the company aims to become a trusted and reliable player in the steel market, meeting growing domestic demand and exploring export potential.

Industry analysts view this move as a significant step towards strengthening India’s steel production capabilities, especially amid rising demand for high-grade steel products. The project also highlights a growing trend among major miners to integrate upstream resources with downstream manufacturing, creating value chains that enhance both profitability and competitiveness.

With construction set to begin in the coming years, Lloyds Metals’ mega steel plant promises to be a landmark project, shaping the future of India’s steel industry.