Lloyds Metals and Energy gets Environmental Clearance for Sponge Iron Plant; Stock up 3%

1 Sep 2022 , 10:10 AM

Lloyds Metals and Energy Limited has received an Environmental Clearance certificate (“EC”) for its proposal to install a Sponge Iron Plant of Capacity 190 TPD (75,000 MTPA), Captive Power Plant (4MW WHRB) and 90,000 TPA Iron ore Beneficiation Plant at Konsari, Gadhchiroli District located in Maharashtra.

“The company hopes to commence trials for the Sponge Iron Plant & WHRB by March’2023”, said  Llyods Metals in a regulatory filing.

At around 10:12 AM, Lloyds Metals & Energy Ltd is currently trading at Rs143.05 per share up by Rs3.9 or 2.8% from its previous closing of Rs139.15 per share on the BSE.

The scrip opened at Rs140.95 per share and has touched a high and low of Rs144 and Rs138.50 per share respectively so far today.

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