Lloyds Metals and Energy Ltd reported its best-ever Q1 operational performance for Q1FY27, driven by significant production increases across all key segments. Iron ore output reached 6.05 million tonnes, marking a 53% year-on-year increase, while Direct Reduced Iron (DRI) production surged 131% to 182,000 tonnes. The company also recorded pellet production of 1.7 million tonnes and copper output of 2,754 tonnes during the period.

The strong momentum in iron ore production builds on the company's performance in FY26, with an anchor target to produce 26 MT of iron ore in FY27. The mined ore excludes Banded Hematite Quartzite (BHQ) of 5.9 million tonnes, which will be processed once the beneficiation plants are commissioned.

DRI production for Q1FY27 was 182,000 tonnes, compared with 79,000 tonnes in Q1FY26. This growth was supported by two new kilns that are fully commissioned and running to capacity.

Production Breakdown

The company recently commenced its 4 MNT pellet plant, ramping up its annual capacity to 8 million tonnes. Plant 1 is now running to full capacity, having produced 4 MNT in the full 12 months of operations. The company also achieved its first output of copper in Surya mines in March-26, establishing mine-to-market capabilities in copper.

Copper Segment Performance

Copper production for Q1FY27 stood at 2,754 tonnes. The company stated that this makes it India's first company with mine-to-market capabilities in copper. The copper produced includes residual production of the Chemaf plant.

Lloyds Metals and Energy Limited has granted 17,049 employee stock options under its Lloyds Metals and Energy Employee Stock Option Scheme - 2024. The Nomination and Remuneration Committee approved the grant via a circular resolution on June 23, 2026. The options carry an exercise price of Rs. 4/- per option and are exercisable into fully paid-up equity shares with a face value of Re. 1/- each.

The scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The options have a minimum vesting period of one year from the date of the grant. Once vested, the options can be exercised within a maximum period of 12 months from the date of vesting.

Key Details of the Grant

The company stated that the specific vesting schedule is detailed in the grant letters issued to the eligible employees. No options have been exercised, lapsed, or varied in terms as of the grant date.