Lloyds Metals And Energy

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.

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

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

• Iron ore mining
• Steel manufacturing
• Iron ore pellets
• Sponge iron production
• Copper and cobalt mining

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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
3. Steel Manufacturing: Upcoming 1.2 MTPA wire rod mill and 3 MTPA flat product steel plant for domestic sales to manufacturing and construction sectors
4. 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)
5. 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

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Geo Mysore Services India Pvt LtdcoreStrategic or Co-development Partner · 24 June 2026Partner 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 GroupcoreStrategic or Co-development Partner · 24 June 2026Co-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 UniversityminorStrategic or Co-development Partner · 16 June 2026Academic 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 LimitedminorStrategic or Co-development Partner · 16 June 2026Lloyds 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.
• SinosteelcoreStrategic or Co-development Partner · 1 June 2026Joint venture with Sinosteel for Banded Hematite Quartzite (BHQ) ore processing to ensure long-term feedstock continuity for steel operations.
• Gondwana UniversityminorStrategic or Co-development Partner · 19 May 2026Public-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 HoldingcoreStrategic or Co-development Partner · 30 March 2026Joint 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)minorImplementation/ SI/ Consulting Partner · 18 February 202610-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 or Co-development Partner · 1 February 2026Strategic 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 InfracoreStrategic or Co-development Partner · 1 March 2021Thriveni 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

Direct 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

• Xx.com/LloydsMetal
• YouTubeyoutube.com/@LloydsMetalsEnergyLtd
• Facebookfacebook.com/people/Lloyds-Metals-Energy/100092655805294
• LinkedInlinkedin.com/company/lloyds-metals-and-energy
• Instagraminstagram.com/lloydsmetalsandenergyltd/?igshid=NGExMmI2YTkyZg%3D%3D

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&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