Lloyds Metals Commissions 360 KTPA Sponge Iron Plant in Ghugus

Lloyds Metals and Energy Limited (LMEL) has announced the successful commissioning of its 360,000 tonnes per annum (360 KTPA) sponge iron plant at Ghugus, Maharashtra. The first kiln has been fired, and operations are being ramped up in phases. The project was executed by Lloyds Engineering Works Limited on a turnkey basis.

Record Execution Timeline

The project was completed in record time after receiving Environmental Clearance (EC) in February 2024, reaffirming LMEL’s reputation for timely execution. This marks the company’s third major facility commissioned in the current fiscal year, following the 85 KM slurry pipeline and a 4 MTPA pellet plant.

Strengthening Capacity and Integration

With this addition, LMEL’s total installed sponge iron capacity now stands at 700 KTPA. The Ghugus plant is strategically designed to support captive utilisation of mined iron ore, strengthening the company’s integrated steelmaking value chain.

Focus on Capital Efficiency

LMEL’s disciplined execution strategy has enabled timely delivery of high-value projects while enhancing capital efficiency and ROIC (Return on Invested Capital). Such milestones underline the company’s ability to convert capital expenditure into productive assets swiftly and reliably.

Long-Term Vision

This commissioning aligns with LMEL’s broader vision to become one of India’s most efficient and cost-effective steel producers. Its project pipeline, backed by disciplined execution and future-ready assets, demonstrates commitment to creating long-term stakeholder value.

Rajesh Gupta, Managing Director of Lloyds Metals, stated, “Commissioning the Ghugus plant in just over 18 months from receiving the Environmental Clearance reflects the strength of our internal planning and project execution frameworks. For us, timely execution is not just an operational milestone; it is a strategic lever that enables faster monetisation, operating efficiency, and long-term value creation.”

Lloyds Metals and Energy Share Price Performance

On September 1, 2025, Lloyds Metals and Energy share price (NSE: LLOYDSME) opened at ₹1,292.30, touching the day’s high at ₹1,301.00, as of 9:25 AM on the NSE.

Also Read: Lloyds Metals And Energy Declared Successful Bidder for Tandsi-III Coal Blocks!

Conclusion

The commissioning of the Ghugus sponge iron plant represents a significant milestone in LMEL’s growth journey. By enhancing capacity, strengthening integration, and delivering projects on time, LMEL reinforces its standing as a leading execution-driven player in India’s steel sector.

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