Lloyds Metals and Energy Limited

LLOYDSME

INE281B01032

Iron & Steel

Delayed Bombay S.E. Other stock markets 05:50:59 2024-05-02 am EDT			5-day change	1st Jan Change
738.8 ^INR	-0.70%		+3.09%	+23.19%

Jan. 22	Lloyds Metals' Consolidated Profit Jumps in Fiscal Q3; Shares Climb 3%	MT
Jan. 22	Lloyds Metals and Energy Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Lloyds Metals and Energy Limited Announces Incorporation of Wholly-Owned Subsidiary and Applies for Enhancement of Mining Capacity of the Surjagarh Iron Ore Mines

August 08, 2023 at 05:04 am EDT

Lloyds Metals and Energy Limited its board meeting held on August 08, 2023 approved incorporation a 100% Wholly-Owned Subsidiary of the Company. the board also approved for applying for EC for enhancement of Mining Capacity of the Surjagarh Iron Ore Mines of the Company from 10MTPA to 12 MTPA. Detailed CAPEX required (if any), will be projected in due course.

This increase of 20% is within EC norms, whereby no public hearing is required.

Latest news about Lloyds Metals and Energy Limited

Lloyds Metals' Consolidated Profit Jumps in Fiscal Q3; Shares Climb 3%	Jan. 22	MT
Lloyds Metals and Energy Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 22	CI
Lloyds Metals and Energy Limited Approves Business Expansion Plans	Dec. 08	CI
Lloyds Metals Gets Approval for Deslisting from Metropolitan Stock Exchange of India	Nov. 21	MT
Lloyds Metals' Consolidated Profit Jumps in Fiscal Q2	23-10-24	MT
Lloyds Metals and Energy Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-23	CI
Lloyds Metals and Energy Limited Announces Enhancement of Capacity Addition for Wire Rod Project from 0.5 Million to 1.2 Million by Adding of Blast Furnace and Coke Oven At Ghugus	23-10-23	CI
Lloyds Metals and Energy Limited Appoints Mahendra Singh Mehta as an Additional Independent Director	23-10-23	CI
Lloyds Metal Forms Subsidiary for Renewable Energy Business	23-10-12	MT
Lloyds Metals Clocks Increase in Fiscal H1 Iron Output	23-10-04	MT
Lloyds Metals and Energy Limited Reports Operating Results for the First Half of Fiscal 2024	23-10-04	CI
Lloyds Metals Begins Operations at Manufacturing Unit, Power Plant in Maharashtra, India	23-09-21	MT
Lloyds Metals and Energy Limited Installs and Commences DRI Manufacturing Facility at Konsari	23-09-21	CI
Lloyds Metals and Energy Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-08	CI
Lloyds Metals and Energy Limited Announces Board Changes	23-08-08	CI
Lloyds Metals and Energy Limited Appoints Rajesh Gupta and Balasubramanian Prabhakaran as Managing Directors	23-08-08	CI
Lloyds Metals and Energy Limited Announces Incorporation of Wholly-Owned Subsidiary and Applies for Enhancement of Mining Capacity of the Surjagarh Iron Ore Mines	23-08-08	CI
Lloyds Metals and Energy Limited Announces Resignation of Babulal Agarwal Managing Director	23-08-07	CI
Lloyds Metals and Energy Limited Reports Operating Results for the First Quarter of Fiscal 2024	23-07-03	CI
Lloyds Metals and Energy Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-04-25	CI
Lloyds Metals and Energy Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-04-25	CI
CE Infosystems, 3i Infotech and Varanium Cloud Submit Bids to Acquire Bankrupt Rolta India	23-04-23	CI
Lloyds Metals and Energy Limited Appoints Subbarao Venkata Munnang as an Additional Independent Director of the Company with Effect from 16Th March, 2023	23-03-16	CI
Sunflag Iron and Steel Company Limited acquired 11.89% stake in Lloyds Metals and Energy Limited	23-03-15	CI
Lloyds Metals and Energy Limited Receives Environmental Clearance and Consent to Operate for an Enhanced Iron Mining Capacity of 10 Million Tonnes Annually and Announces Reassessment of Mining Reserves At 180+ Million Tonnes	23-03-10	CI

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Company Profile

Lloyds Metals and Energy Limited is an India-based company, which is engaged in the mining of iron ore, manufacturing of sponge iron and generation of power. It operates through three segments: Sponge Iron, Mining, and Power. The Sponge Iron segment includes production and manufacturing of sponge iron. The Mining segment includes extraction of iron ore from mines. The Power segment includes generation of power. The Companyâs by-products include char, fly ash, bed materials, electrostatic precipitators (ESP) dust, and iron ore fines. Its iron ore deposit consists mainly of hematite and goethite ore with varying amounts of other secondary derivatives such as limonite and lepidocrocite. The Company is a coal-based sponge iron manufacturer of Maharashtra with a production capacity of approximately 2,70,000 tons per annum (TPA), along with a captive power plant with 30 megawatts (MW) capacity. Its subsidiaries are Thriveni Lloyds Mining Private Limited, and Lloyds Infinite Foundation.

Sector

Iron & Steel

Calendar

2024-05-02 - Q4 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

744 INR

Average target price

650 INR

Spread / Average Target

-12.64%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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