Lloyds Metals and Energy board approves ₹1,550 crore NCD issues; expands DRI plant capacity

The company said that its board of directors has approved the issuance of two separate non-convertible debentures (NCDs), aggregating up to ₹600 crore and ₹950 crore on a private placement basis.

Lloyds Metals further added that the said issuance is within the overall limits previously approved by the board at its meeting held on May 5, 2026, and the existing in-principle approval dated October 13, 2025.

The company said the board has approved increasing the capacity of the DRI Plant at Ghugus to 8,15,000 MTPA from 6,30,000 MTPA. The capacity of the DRI Plant at Konsari will be increased to 92,400 MTPA from 70,000 MTPA.

Further, the capacity expansion at the Ghugus and Konsari plants will require an investment of ₹140 crore and ₹50 crore, respectively.

With this enhancement, the total capacity of the Lloyds’ DRI plants will exceed 9 lakh MTPA. The capacity enhancement will be achieved through debottlenecking measures and optimisation of process and technological parameters.

“The proposed capacity expansion aligns with the company’s strategy of strengthening its presence across the complete steel-making value chain, enables efficient utilization of available iron ore reserves, and facilitates value addition through forward integration with existing sponge iron facilities,” Lloyds Metals said.

The expansion is also expected to support the firm’s sustained development objectives while contributing to improved margins and enhanced profitability.

For improving the operational efficiency and utilisation of the existing kiln facilities. These interventions have resulted in an enhancement in the production capacity.

Lloyds Metals in the regulatory filing also added that the capacity expansion is aimed at improving operational efficiency and utilisation of its existing kiln facilities. The company said that these interventions have resulted in an enhancement in production capacity.

Lloyds Metals and Energy share price trends

At 12:31 PM, Lloyds Metals and Energy shares were trading at ₹1,824.60 apiece on the National Stock Exchange, falling 0.11%.

From the beginning of the year, Lloyds Metals and Energy shares have jumped 35%. Over a month’s time, the stock has fallen 2.5%, while for a six-month period, it has soared 50%.

Shares of the firm had hit a 52-week high of ₹2,125 on August 10, 2026, and a 52-week low of ₹1,042.90 on February 2, 2026.

According to NSE data, as of September 21, 2026, Lloyds Metals and Energy has a total market capitalisation of ₹1.03 lakh crore.