Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Lloyds Metals and Energy has announced plans to build a new integrated steel plant with an investment of ₹20–22 billion. The facility will have a production capacity of over 4 million tonnes per annum (MTPA) and is expected to be completed within 4–5 years.
The project will cover the full value chain—from raw material handling to finished steel products—bringing efficiency, cost advantages, and operational flexibility. It will cater to India’s growing demand in construction, infrastructure, automotive, and engineering sectors.
Lloyds stated that the project will generate significant employment opportunities and support related industries such as raw materials, logistics, and engineering services. The expansion reflects confidence in India’s long-term steel demand and aligns with the government’s agenda for industrial growth and self-reliance.
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