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Lloyds Metals Reports Record Iron Ore Output, Stock Hits 52-Week High

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Synopsis:

Lloyds Metals reported its highest-ever iron ore production of 8.6 million tonnes in nine months, marking a 5% YoY increase. Direct Reduced Iron production surged 22%, driving the Lloyds Metals and Energy share price to a 52-week high of ₹1,264.

Lloyds Metals news today

Lloyds Metals & Energy Limited (LMEL) has announced record production figures for the nine months ending December 2024. The company achieved an impressive 8.6 million tonnes of iron ore output, marking a 5% year-on-year (YoY) increase. Direct Reduced Iron (DRI) production also surged 22% YoY to 238,000 tonnes, with December setting a monthly production record. These achievements have boosted the Lloyds Metals and Energy share price, which reached a 52-week high of ₹1,264 on January 1, 2025.

Also read: Commercial Property Insurance Premiums Surge by 80% from January 2025

LLOYDS METALS N ENERGY L

Trade

1441.25100.50 (7.49 %)

Updated - 03 January 2025
1460.00day high
DAY HIGH
1325.65day low
DAY LOW
3152260
VOLUME (BSE)

Key Takeaways

  • Iron Ore Production: Achieved 8.6 million tonnes, a 5% YoY increase.

  • DRI Production: Recorded 238,000 tonnes, a 22% YoY surge.

  • Stock Performance: Lloyds Metals and Energy share price rose 104.64% in the past year.

  • Operational Milestone: December marked the highest monthly DRI production at near-full capacity.

Also read: Cabinet Increases PMFBY Allocation to ₹69,515 Crore for 2025-26

Table: LMEL Production Highlights

Production Metric

Nine-Month Output (2024)

YoY Change

Iron Ore

8.6 million tonnes

+5%

Direct Reduced Iron (DRI)

238,000 tonnes

+22%

Lloyds Metals’ Growing Market Influence

Incorporated in 1977, Lloyds Metals operates as a leading iron ore miner and Direct Reduced Iron producer in Maharashtra. With a production capacity of 3,40,000 tonnes per annum and a 34 MW waste heat recovery-based power plant, the company plays a critical role in India’s iron and steel market. Its robust performance has not only bolstered production but also significantly outperformed the Sensex.

Fertiliser Stocks Gain Amid Policy Boost

Separately, the Indian cabinet approved an enhanced allocation of ₹69,515 crore for the PM Fasal Bima Yojana. This policy boost is expected to positively influence fertiliser stocks, reflecting a strengthened commitment to the agricultural sector.

Lloyds Metals’ record-breaking production and the rising Lloyds Metals and Energy share price underscore the company’s operational success and market relevance. Simultaneously, government policies in agriculture are driving momentum in fertiliser stocks, indicating a promising outlook across key sectors.

Also read: HDFC Life Faces ₹270.58 Crore GST Demand, Plans to Appeal

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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