Lloyds Metals and Energy Limited (LMEL) and Tata Steel Limited have formalised a non-binding memorandum of understanding aimed at assessing collaboration opportunities across mining, logistics, pellet production and steelmaking, as per exchange filings.
The agreement brings together 2 companies with long-standing operational strengths, opening the door to joint development of projects in India’s major iron ore regions.
The MoU sets a framework for both organisations to evaluate synergies in raw material mining, pelletisation, slurry pipeline infrastructure, direct reduced iron production and greenfield steelmaking projects.
Discussions also cover prospects for exporting low-carbon iron and steel products as India’s demand for cleaner industrial output grows.
A key area of interest is Gadchiroli, where LMEL operates India’s largest iron ore mine. Working together could help optimise mining concessions, expand processing capabilities and position the district as a major steelmaking hub.
Further evaluation will consider Tata Steel’s potential participation in LMEL’s integrated steel projects, including the development of wire rods, hot-rolled coils and downstream steel units.
LMEL highlighted that the partnership arrives at a crucial point in its transition from a mining-led business into a fully integrated steel producer.
Tata Steel, with a crude steel capacity of 35 million tonnes per annum and an extensive value-added steel portfolio, adds scale, technology and production expertise to the exploration process.
The announcement also referenced Tata Steel’s 50.01 per cent ownership of Brahmani River Pellets Limited (BRPL), which operates a 4-MTPA pellet plant in Jajpur and a 212-kilometre slurry pipeline linked to its Barbil beneficiation plant.
LMEL, meanwhile, continues to ramp up its mining and pellet capacity toward 26 MTPA and 12 MTPA respectively, supported by renewable energy, slurry logistics and one of India’s largest EV mining fleets.
As of December 11, 2025, at AM, Lloyds Metals & Energy Ltd share price is trading at ₹1,274.40 per share, reflecting a decline of 0.59% from the previous closing price. Over the past month, the stock has declined by 3.42%.
The MoU marks the beginning of a structured evaluation phase through which Lloyds Metals and Tata Steel will examine potential avenues for long-term collaboration. With both companies aiming to strengthen India’s steelmaking ecosystem, the exploration could lay the foundation for future projects in mining, pellets, logistics and green steel initiatives.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 11, 2025, 12:25 PM IST
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