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Lloyds Metals Approves ₹1,550 Cr NCDs, ₹190 Cr DRI Capacity Expansion
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CNBC TV18•21-09-2026, 16:17
Lloyds Metals Approves ₹1,550 Cr NCDs, ₹190 Cr DRI Capacity Expansion
- •Lloyds Metals and Energy Ltd approved a ₹190 crore investment to expand Direct Reduced Iron (DRI) plant capacities in Ghugus and Konsari, Maharashtra.
- •The Ghugus plant's capacity will increase by 1.85 lakh tonnes per annum to 8.15 lakh tonnes per annum, while the Konsari plant will rise by 22,400 tonnes per annum to 92,400 tonnes per annum.
- •The expansion, funded by internal accruals, will cost ₹140 crore for Ghugus and ₹50 crore for Konsari, with completion expected within one year.
- •The board also approved the issuance of non-convertible debentures (NCDs) totaling ₹1,550 crore through private placement, subject to regulatory approvals.
- •This capacity enhancement aims to improve operational efficiency, utilize existing kiln facilities, and strengthen the company's presence across the steel-making value chain.
Key Questions Answered
Lloyds Metals and Energy Ltd approved a ₹190 crore investment to expand the capacity of its Direct Reduced Iron (DRI) plants in Ghugus and Konsari, Maharashtra, with the expansion set to be completed within one year through internal accruals.
The board approved the issuance of two separate non-convertible debentures aggregating up to ₹600 crore and ₹950 crore, bringing the total proposed NCD issuance via private placement to ₹1,550 crore.
Both expansions will be financed entirely through internal accruals using debottlenecking measures and parameter optimization, and are planned to be completed within a timeframe of one year.
