Lloyds Metals And Energy
Lloyds Metals and Energy is an Indian integrated mining-to-metals company producing iron ore, pellets, DRI, and steel products for domestic steel manufacturers, with copper and cobalt operations in the Democratic Republic of Congo.
- Company typePublic
- Founded1977
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Lloyds Metals And Energy does
Lloyds Metals and Energy Limited (BSE/NSE: LLOYDSME) is an Indian integrated mining-to-metals platform incorporated in 1977 and headquartered in Mumbai. Operations span captive iron ore mining at the Surjagarh mines in Gadchiroli, Maharashtra (10 MTPA, with environmental clearance for 55 MTPA and a 26 MTPA target), iron ore beneficiation including a 45 MTPA BHQ plant at Hedri, an 8 MTPA pellet complex at Konsari (served by an 85-km iron ore slurry pipeline), and DRI/sponge iron production at Ghugus and Konsari. The company is commissioning a 1.2 MTPA wire rod/TMT mill and a planned 3 MTPA HRC flat product plant at Chandrapur to capture downstream steelmaking margin.
The business model is commodity-linked B2B direct sales of iron ore, pellets, and DRI to enterprise steel manufacturers under long-term supply contracts and spot sales, augmented by MDO services through its co-promoter Thriveni Earthmovers (₹7,996.9 crore income, 25.68% EBITDA margin). Beyond ferrous metals, the company has expanded into copper and cobalt through the CHEMAF Group acquisition (USD 30 million, March 2026) and a 50% stake in Surya Mines (USD 90.8 million, December 2025) in the DRC's Katanga Copper Belt, plus a Papua New Guinea subsidiary for the dormant Panguna copper mine. Adjacent moves include a partnership with Geo Mysore Services and Thriveni for India's first private commercial-scale gold mine at Jonnagiri, a joint venture with Sinosteel for BHQ ore processing, and a strategic MoU with Tata Steel for Vidarbha mining and steel development.
Technology differentiation rests on the slurry pipeline logistics network (85 km operational, 950 km planned to Dighi port along the Samruddhi Expressway, intended to be world's longest), in-pit crushing and conveying systems, conversion of mining fleet to electric operation (Liebherr R 996 excavators, Tata Hitachi diggers), and digital monitoring for process optimization. The company's FY25-26 consolidated revenue of ₹17,306.4 crore grew 155% YoY with EBITDA of ₹6,333.9 crore (margin expanding from 21.9% to 42.3% YoY in Q4FY26) and net profit of ₹5,216.4 crore; capital is being raised through ₹2,500 crore of approved NCDs and ₹750 crore from Kotak Alternate Asset Managers to fund a capex programme through FY29.
Lloyds Metals And Energy firmographics
Firmographics- Name
- Lloyds Metals And Energy
- Legal name
- Lloyds Metals and Energy Limited
- Website
- https://lloyds.in
- Company type
- Public
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Lloyds Metals and Energy is an Indian integrated mining-to-metals company producing iron ore, pellets, DRI, and steel products for domestic steel manufacturers, with copper and cobalt operations in the Democratic Republic of Congo.
- Ownership category
- akta.pro rank
Lloyds Metals And Energy industry classification
Industry- Product category
- Integrated iron ore mining and steel manufacturing
- NAICS
- Iron Ore Mining (212210), Other Metal Ore Mining (212290), Iron and Steel Mills and Ferroalloy Manufacturing (3311)
- SIC
- Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330), Gold And Silver Ores (1040)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)
Keywords
Where Lloyds Metals And Energy is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices7 records
Markets served
Lloyds Metals And Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Iron Ore Sales: Sale of iron ore produced from Surjagarh mine in Gadchiroli, Maharashtra to domestic steel manufacturers. Primary revenue driver with 73.06% YoY growth.
- Value-Added Products (Pellets, DRI): Production and sale of iron ore pellets (4+ MTPA capacity) and DRI/Sponge Iron (0.7 MTPA) for steelmaking customers
- Steel Manufacturing: Upcoming 1.2 MTPA wire rod mill and 3 MTPA flat product steel plant for domestic sales to manufacturing and construction sectors
- Copper and Cobalt: Copper cathode production from DRC operations (12,000 TPA current, targeting 30,000 TPA) and cobalt production (4,000 TPA targeting 20,000 TPA)
- MDO Services (Thriveni): Mine Developer and Operator services through Thriveni Earthmovers subsidiary with total income of ₹7,996.9 crore and 25.68% EBITDA margin
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | B2B commodity pricing - market-linked rates for iron ore, pellets, DRI |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Lloyds Metals And Energy product offering
Product offeringCore offering
Lloyds Metals and Energy is an integrated mining-to-metals company operating iron ore mining at its Surjagarh mine in Gadchiroli, Maharashtra, processing it through BHQ beneficiation, slurry pipeline logistics, and pelletisation at Konsari, and producing sponge iron (DRI) at Ghugus and Konsari. The company is expanding downstream into finished steel (wire rod/TMT, hot rolled coil) and has diversified into copper and cobalt production through its CHEMAF Group operations in the Democratic Republic of Congo.
Product overview
Lloyds Metals and Energy is an integrated mining-to-metals company operating as a platform spanning iron ore mining, ore processing and Beneficiation, pelletisation, sponge iron (DRI) production, and downstream steel manufacturing. The company's core products include Iron Ore from its Surjagarh mine in Gadchiroli, Sponge Iron (DRI) from Ghugus and Konsari facilities, and Pellets. The company is expanding into finished steel products through its upcoming Wire Rod/TMT and Hot Rolled Coil (HRC) manufacturing plants. Additionally, the company has diversified into non-ferrous critical minerals with Copper and Cobalt production from its Chemaf Group operations in the Democratic Republic of Congo. The portfolio includes iron ore slurry pipeline infrastructure for logistics optimization.
Differentiator
Problem solved
Functional benefit
Brands
- Lloyds Infinite Foundation: CSR vehicle for the company's long-term social investments in education, health, and empowerment.
- Lloyds Fellowship Programme
- LMGSE (Lloyds Mahatma Gandhi School of Excellence)
Products and services
- Iron Ore High-grade iron ore extracted from the Surjagarh mine in Gadchiroli, Maharashtra, sold to domestic steel manufacturers as feedstock for steel production.
- Sponge Iron (DRI) Direct Reduced Iron (DRI), also known as sponge iron, produced at Ghugus and Konsari facilities for use as a steelmaking feedstock by integrated and standalone steel producers.
- Iron Ore Pellets Iron ore pellets produced at Konsari in Maharashtra and through the Mandovi River Pellets partnership in Goa, supplied to steel producers for use in blast furnace and DRI feed.
- Wire Rod / TMT Bars Wire Rod and Thermo-Mechanical Treatment (TMT) bars to be produced at the upcoming 1.2 MTPA steel plant at Chandrapur for construction and infrastructure applications.
- Hot Rolled Coil (HRC) Hot Rolled Coil steel product planned for the 3 MTPA flat product steel manufacturing facility being developed.
- Copper Cathode and Concentrate Copper cathode and concentrate produced through CHEMAF Group operations in the Katanga Copper Belt, supplying industrial copper consumers.
- Cobalt Cobalt production from CHEMAF Group operations in DRC, targeted at 20,000 TPA capacity, serving critical minerals supply chains.
- Mine Developer and Operator (MDO) Services Mine development and operator services delivered through the Thriveni Earthmovers and Infra subsidiary for third-party mining clients.
Quantifiable outcome
- Iron ore production increased 120% YoY to 21.96 MnT in FY25-26
- +4 more outcomes
Companies that use Lloyds Metals And Energy
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Lloyds Metals And Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Lloyds Metals And Energy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Geo Mysore Services India Pvt LtdcorePartner in Jonnagiri gold mine project in Andhra Pradesh's Kurnool district. Project involves Rs 405 crore investment to develop India's first commercial-scale private gold mining operation since Independence.
- Thriveni GroupcoreCo-investor in Jonnagiri gold mine alongside Geo Mysore Services and Lloyds Metals. Combined investment exceeding Rs 400 crore in India's first private gold mining operation.
- Curtin UniversityminorAcademic partnership for Global Education Programme enabling Gadchiroli students to pursue higher education at Curtin University in Australia. Part of Lloyds Infinite Foundation CSR initiative.
- Loka Metals Private LimitedminorLloyds Steel Private Limited invested Rs 58.50 lakh to subscribe to 5.85 lakh shares in Loka Metals as part of rights issue for steel distribution facilities in Telangana.
- SinosteelcoreJoint venture with Sinosteel for Banded Hematite Quartzite (BHQ) ore processing to ensure long-term feedstock continuity for steel operations.
- Gondwana UniversityminorPublic-private partnership supporting University Institute of Technology (UIT) in Gadchiroli with B-Tech courses in Mining Engineering, Manufacturing Engineering, and Computer Science.
- Virtus Minerals / Virtus Lloyds Minerals HoldingcoreJoint venture Virtus Lloyds Minerals Holding (VLMH) acquired CHEMAF Group in DRC on March 30, 2026 for USD 30 million. Partnership to develop copper and cobalt mining in Katanga Copper Belt.
- Harsco Environmental (Enviri Corporation)minor10-year contract for design, build, commission, operation and maintenance of metal recovery plant and slag processing operations at integrated steel plant. Expected to create 54 new jobs.
- Tata SteelcoreStrategic partnership for mining and steel sector development in Maharashtra. Tata Steel signed MoUs with Lloyds Metals at Advantage Vidarbha Summit. Includes exploration of Gadchiroli iron ore block opportunities.
- Thriveni Earthmovers and InfracoreThriveni Earthmovers joined as co-promoter in 2021, bringing mine developer and operator (MDO) expertise. Operates Surjagarh mine under MDO model. Combined entity driving industrial development in Gadchiroli district.
Scale indicators18 records
Recent moves9 records
Expansion highlights8 records
Lloyds Metals And Energy competitors and assessment
Company assessmentDirect peers
- NMDC Limited: India's largest iron ore producer, majority state-owned, mining in Chhattisgarh and Karnataka. Most direct comparable in terms of iron ore mining scale, Indian-listed, and exposure to domestic steel customers.
- Hindustan Zinc Limited: India's largest zinc and silver producer (Vedanta subsidiary) with integrated mining and smelting operations. Comparable as a publicly listed Indian miner with downstream value-added products and aggressive growth capex.
- Indian Metals & Ferro Alloys Limited (IMFA): Indian ferro alloys and chrome ore producer with integrated mining and smelting. Comparable as a publicly listed Indian integrated mining-to-metals company of similar mid-cap scale.
- MOIL Limited: India's largest manganese ore producer, listed on Indian exchanges with PSU origins. Similar in scale, listing structure, and Indian metals mining business model, though focused on a different mineral.
Broad incumbents
- Vedanta Limited: Diversified Indian metals and mining major with iron ore (through Sesa Goa), copper (Hindustan Zinc), and aluminum exposure. Overlaps with LMEL's iron ore mining and copper/cobalt expansion strategy, though at much larger scale and broader portfolio.
- JSW Steel: India's largest private-sector steel producer with a flat and long products portfolio. Comparable as the dominant buyer/competitor in the Indian steel market where LMEL is building its wire rod and HRC capacity.
- Tata Steel Limited: Major Indian steel producer and a current LMEL strategic partner (Gadchiroli MoU). Overlaps as a downstream steel customer/competitor and co-developer of iron ore assets.
- Steel Authority of India Limited (SAIL): India's largest state-owned steel producer with captive iron ore mines. While primarily a steelmaker, its integrated mine-to-steel model is the downstream target archetype for LMEL's vertical integration.
- ArcelorMittal: Global steel major with iron ore mining (through minority stakes and operations in Liberia, Canada) and integrated steelmaking. Comparable in terms of the integrated mine-to-steel vertical model LMEL is building toward.
- Coal India Limited: World's largest coal miner and Indian mining major. Comparable as a large Indian-listed mining company with scale advantages, government linkages, and ESG/sustainability exposure.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Lloyds Metals And Energy social profiles
Digital presenceLloyds Metals And Energy compliance and trust
Trust signalCompliance2 records
Lloyds Metals And Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lloyds Metals And Energy leadership team
Management profileNumber of profiles
Profiles5 records
Lloyds Metals And Energy subsidiaries and ownership
Company hierarchySubsidiaries8 records
Lloyds Metals And Energy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lloyds Metals And Energy M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lloyds Metals And Energy
What does Lloyds Metals And Energy do?
Lloyds Metals and Energy is an integrated mining-to-metals company operating iron ore mining at its Surjagarh mine in Gadchiroli, Maharashtra, processing it through BHQ beneficiation, slurry pipeline logistics, and pelletisation at Konsari, and producing sponge iron (DRI) at Ghugus and Konsari. The company is expanding downstream into finished steel (wire rod/TMT, hot rolled coil) and has diversified into copper and cobalt production through its CHEMAF Group operations in the Democratic Republic of Congo.
Is Lloyds Metals And Energy a public or private company?
Lloyds Metals And Energy is a public company. It is classified as public and is currently operating.
When was Lloyds Metals And Energy founded?
Lloyds Metals And Energy was founded in 1977. It employs 1,001 to 5,000 people.
Where is Lloyds Metals And Energy based?
Lloyds Metals And Energy is headquartered in Mumbai, India, in the Asia region.
How does Lloyds Metals And Energy make money?
Five revenue lines are on record. Iron Ore Sales are the primary driver. The others are value-Added Products (Pellets, DRI), steel Manufacturing, copper and Cobalt and MDO Services (Thriveni).
Who are Lloyds Metals And Energy's main competitors?
Direct peers on record are NMDC Limited, Hindustan Zinc Limited, Indian Metals & Ferro Alloys Limited (IMFA) and MOIL Limited. Broad incumbents are Vedanta Limited, JSW Steel, Tata Steel Limited, Steel Authority of India Limited (SAIL), ArcelorMittal and Coal India Limited.
Does Lloyds Metals And Energy have an API?
No public API is recorded for Lloyds Metals And Energy.
What industry is Lloyds Metals And Energy in?
Lloyds Metals And Energy's product category is Integrated iron ore mining and steel manufacturing. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKADAB, Copper Ore Mining (Open-Pit & Underground). Its NAICS code is 212210 and its SIC code is 1000.