Lloyds Metals & Energy Limited (LMEL), a leading integrated metal and mining company, has reported strong operational performance for the first half of fiscal year 2026 (H1FY26), with significant growth across key segments.

Iron Ore Production Soars

The company's iron ore production reached 7.4 million tonnes in H1FY26, marking a substantial 24% increase year-over-year. This growth was particularly pronounced in Q2FY26, with volumes hitting 3.4 million tonnes, representing an impressive 77% year-on-year surge.

Operational Highlights

• Direct Reduced Iron (DRI): Production rose to 167,812 tonnes in H1FY26, up 4% from 161,672 tonnes in H1FY25.
• Pellet Production: The recently commissioned 4 MTPA pellet plant contributed 0.81 million tonnes in H1FY26, achieving an annualized capacity utilization of 79%.
• Banded Hematite Quartzite (BHQ): An additional 1.2 million tonnes of BHQ was mined, awaiting processing once the beneficiation plants are commissioned.

Infrastructure Developments

LMEL's operational performance has been further enhanced by key infrastructure developments:

1. Environmental Clearance: The company received clearance for 55 MTPA capacity, allowing for scaled-up production.
2. Slurry Pipeline: The commissioning of an 85 km slurry pipeline from Hedri to Konsari has improved evacuation efficiency, particularly during seasonal constraints.
3. New DRI Facility: A new 360 KTPA DRI facility at Ghugus was commissioned during Q2FY26, bolstering the company's production capabilities.

Production Overview

Lloyds Metals & Energy Limited, incorporated in 1977, operates one of the country's largest single-location iron ore mines at Surjagarh, Gadchiroli district, Maharashtra. With its expanded Environmental Clearance capacity and strategic location advantages, LMEL continues to strengthen its position as a vital contributor to India's steel value chain.

The company's focus on sustainability, innovation, and cost leadership, coupled with its integrated operations, positions it well to meet the growing demand in key steel and industrial markets across India.

Lloyds Metals & Energy Limited has taken a significant step in its international expansion strategy by incorporating a wholly-owned subsidiary in Dubai. The new entity, named Lloyds Global Resources FZCO, was officially registered on September 25, 2025, marking the company's entry into the Middle Eastern market.

Key Details of the Incorporation

The incorporation of Lloyds Global Resources FZCO comes following an order from the Registrar of Companies of the DMCCA. Lloyds Metals & Energy Limited promptly informed the stock exchanges of this development on the same day, in compliance with regulatory requirements.

Strategic Implications

This move signifies Lloyds Metals & Energy's commitment to expanding its global presence and tapping into new markets. Dubai, known for its strategic location and business-friendly environment, could serve as a gateway for the company to strengthen its position in the Middle East and beyond.

Corporate Governance and Transparency

In line with its obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lloyds Metals & Energy Limited has ensured timely disclosure of this material development. The company's proactive approach to informing stakeholders underscores its commitment to transparency and good corporate governance practices.

Looking Ahead

While specific details about the operations and objectives of Lloyds Global Resources FZCO are yet to be disclosed, this strategic move is likely to be watched closely by investors and industry observers. It may potentially open up new avenues for growth and diversification for Lloyds Metals & Energy Limited in the international arena.

Shareholders and interested parties can find more information about this development on the company's official website at www.lloyds.in .