Lloyds Metals & Energy Limited: Growth Story and Share Price

Lloyds Metals & Energy Limited (LME) is an Indian company that began as a small private business in the late 1970s. Today, it plays an important role in iron ore mining and operates sponge iron, pellet, and power generation facilities. The company also plans to expand into steel manufacturing. As of January 2026, it ranks 8th among the top 10 Nifty Metal companies, based on market capitalisation. Let’s delve into the growth history of Lloyds Metals & Energy Limited. 

History of Lloyds Metals & Energy Limited

Early Years and Foundation

Lloyds Metals & Engineers Limited was founded on April 5, 1977. It was initially named Nagarjuna Metals & Engineers Pvt. Limited. At that time, India’s steel industry struggled with low capacity and relied heavily on imports. The company aimed to strengthen local manufacturing.

In 1986, it became a public limited company. In 1990, it changed its name to Lloyds Metals & Engineers Limited (LMEL). 

Entry into Sponge Iron and Backwards Integration

In 1994, the company took a big step by launching its sponge iron plant in Ghugus, Maharashtra. It started with a capacity of 150,000 tonnes per year. Sponge iron became important to the company because it helped reduce the need for external raw materials. 

In 1997, Lloyds Metals boosted its plans by getting a 450-hectare iron ore mining lease in Gadchiroli, Maharashtra. 

Lloyds Metals currently operates the largest standalone iron ore mine in India, and is progressively increasing its dispatchable iron ore capacity to 26 MTPA. Alongside this, the company is scaling up DRI output to 0.7 MTPA. It has recently brought a 4 MTPA pellet plant online and intends to expand total pellet production to 12 MTPA through a phased rollout.

Transformation into Lloyds Metals & Energy Limited 

The transformation of Lloyds Metals & Engineers Limited into Lloyds Metals & Energy Limited has been a strategic move to establish a fully integrated mining and metals ecosystem. 

Diversification into Power and Energy

Lloyds Metals Limited operates captive power facilities with a capacity of roughly 34–35 MW, generated using waste heat recovered from its sponge iron operations. This approach not only improves energy efficiency but also helps stabilise power costs.

Alongside this, the company has secured over 100 MW of solar and wind energy for captive use, reinforcing its push towards cleaner operations and a lower carbon footprint. 

Promoter Changes and Revival Phase

After a period of disruptions, a new revival phase started in the early 2020s. 

In 2021, Thriveni Earthmovers became a co-promoter, bringing a strong knowledge of the operation of big mines. 

In 2022, iron ore mining resumed in the Gadchiroli area after earlier stops. 

Mining, Steel, and Integration Plans

a) Iron Ore Mining Expansion

Lloyds Metals plans to expand its iron ore mining and reach a capacity of 10 million tonnes per year. This will make them one of the big private iron ore miners in India. 

b) DRI and Steel Goals  

The Konsari DRI plant has started production, rejuvenating the company’s role in making better iron products. In 2025, Lloyds Metals shared plans to become a full steel producer in stages at various sites.

c) Sustainability Initiatives

Lloyds Metals has increasingly aligned operations with sustainability goals:

• Deployment of battery-operated vehicles in mining
• Securing renewable energy sources

Achievements and Strategic Milestones

. Diversification into Mining Operations

In 2024, LME expanded deeper into mining development and operations, reinforcing its backward integration model and improving control over raw material supply.

. Thriveni Earthmovers Acquisition

On 18 December 2024, LME acquired a 79.82% stake in Thriveni Earthmovers and Infra Pvt. Limited for approximately ₹70 crore. This move strengthened mining execution capabilities and improved operational capability across sites.

. Corporate Governance and Transparency

Key decisions, like acquisitions, were approved at a meeting on 29 July 2024. This shows the company’s focus on good governance. The company also talks regularly with investors by sharing updates and information.

. Market Resilience

In November 2024, stocks dropped by 3%. Even with this fall, many investors stayed interested. They believed in the company’s long-term plan, not just the short-term ups and downs.

Lloyds Metals & Energy Limited — Key Milestones

Category	Year / Period	Key Highlights
Incorporation	1977	Founded as Nagarjuna Metals & Engineers Pvt. Limited
Public Listing	1986	Converted into a public limited company
Sponge Iron Entry	1994	Ghugus plant commissioned
Mining Lease	1997	450-hectare Gadchiroli iron ore lease
Energy Focus	2011	Renamed Lloyds Metals & Energy Limited
Co-promoter Entry	2021	Thriveni Earthmovers joined
Mining Revival	2022	Operations resumed in Gadchiroli
Capacity Expansion	2024	Iron ore mining scaled to 10 MTPA
Integration Plans	2025	Roadmap towards integrated steel production

What Does Lloyds Metals Do?

Lloyds Metals & Energy Limited operates across the metals, mining, and energy ecosystem. Its key activities include:

• Iron ore mining
  
• Sponge iron (DRI) production
  
• Iron ore pellets
  
• Captive and waste heat-based power generation
  

The company is steadily transitioning towards an integrated steel manufacturing model, supported by strong backward integration and sustainability-focused operations.

Conclusion 

Lloyds Metals & Energy Limited is a great example of an Indian company improving. Many people keep an eye on the Lloyds Metals share price to gauge the market. As of Jan 02, 2026, Lloyds Metals and Energy share price is at approximately Rs 1,360.50 per share. 

Combining industry-leading expertise with innovation, sustainability, and a strong focus on community development, Lloyds Metals stands ready to redefine the future of metals and mining in India.

Lloyds Metals & Energy Limited – FAQs

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