Lloyds Metals & Energy Ltd Share Price

Summary

Lloyds Metals & Engineers Limited was originally incorporated as Nagarjuna Metals & Engineers Private Limited in April, 1977. It converted to a Public Limited Company in 1986 and then was changed to Lloyds Metals & Engineers Limited in 1990 and later on to Lloyds Metals & Energy Limited on April 25, 2011. The Company is engaged in mining iron ore, manufacturing coal-based Direct Reduced Iron (DRI)/(Sponge Iron) and generating power. The Company is one of the largest coal-based DRI manufacturers in Maharashtra with a production capacity of 3,40,000 TPA across two districts. It has a DRI plant with a production capacity of 2,70,000 TPA along with a captive power plant with a 30 MW capacity at Ghugus, Chandrapur district, Maharashtra, and a greenfield plant with a production capacity of 70,000 MTPA in Konsari,Gadchiroli with a 4 MW captive power plant.The company in Feb. 1995, came out with a public issue at a premium of Rs.140 to part finance its project to manufacture Sponge Iron (1.5 lakh TPA capacity) and ERW Pipes( 75000 TPA capacity) and to meet its long term working capital requirements. First phase of the project was commissioned in Sep 1995.The company proposes to tap the international market again to increase the sponge iron plant capacity to 6,00,000 tones per annum by setting up additional kilns with associated power plants and for undertaking iron ore mining by acquiring and developing iron ore mines near the sponge iron plant to economize on the production cost of
Read More