Lloyds' Landmark: ₹22,000 Cr for Mega Steel Mill

Lloyds Metals and Energy Ltd. has unveiled plans to invest ₹20,000–22,000 crore over the next four to five years to set up an integrated steel plant with a production capacity exceeding four million tonnes per annum (MTPA).

The proposed facility will include capacity for 3 MTPA of hot-rolled coils and 1.2 MTPA of wire rods, significantly expanding the company’s presence in the steel value chain. A majority of the investment will be funded through internal accruals, supported by strategic debt, with the company projecting robust cash flows of ₹3,000–5,000 crore annually starting FY26.

As India’s largest iron ore miner by market capitalisation, Lloyds Metals aims to maintain operational independence across its mining and steel operations. However, it remains open to strategic collaborations with domestic and global steel producers to leverage advanced manufacturing expertise.

The expansion underscores Lloyds Metals’ ambition to become a leading, self-reliant player in the Indian steel sector, with a strong focus on scale, integration, and long-term value creation.

News by Rahul Yelligetti.