Lloyds Metals and Energy Limited at its board meeting held on 08 December 2023 approved Expansion of iron ore mining capacity of the Company upto 55 Million Tonnes Per Annum. Existing Capacity Utilization 10 Million Tonnes per annum. Period within which the proposed capacity is to be added: By Fiscal year 2030-31.

The Company has already approved INR 3,642.8 million for expansion of its mining capacity (i.e., for its Surjgarh Iron Ore Mine). It was also informed to the Stock Exchanges as well as various Stakeholders of the Company in its disclosure for the Board Meeting held on 16th March, 2023. Hence, no further additional investment is required for the expansion of mining capacity of the Company (i.e., for its Surjgarh Iron Ore Mine) to upto 55 Million Tonnes per annum.

Mode of financing: Internal accruals. The company also approved Establishment of 45 Million Tonnes Per Annum Banded Hematite Quartzite ("BHQ") Beneficiation Plant at Hedri, District Gadchiroli. Period within which the proposed capacity is to be added: By fiscal year 2028-29.

Investment required: INR 50,000 million. Mode of financing: Internal accruals. The company also approved Establishment of 3 Million Tonnes Per Annum Integrated Steel Plant at Konsari, District Gadchiroli.

Period within which the proposed capacity is to be added: By fiscal year 2028-29. Investment required: INR 160,000 million. Mode of financing: Internal accruals.

The company also approved Enhancement of the earlier approved 1 X 4 Million Tonnes Per Annum Pellet Plant inclusive of Slurry Pipeline, Grinding and Pumping at Konsari, District Gadchiroli to 2 X 4 (i.e.,8) Million Tonnes Per Annum Pellet Plant inclusive of Slurry Pipeline, Grinding and Pumping at Konsari, District Gadchiroli. Period within which the proposed capacity is to be added: For 1 X 4 Million Tonnes Pellet Plant per annum - fiscal year 2025-26; For the next 1 X 4 Million Tonnes Pellet Plant per annum - fiscal year 2026-27. Total Investment required: INR 45,000 million.

Mode of financing: Internal accruals.