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Lloyds Metals and Energy Ltd has announced plans to invest around ₹22,000 crore over the next 4–5 years to establish an integrated steel plant with a capacity of over 4 million tonnes per annum (MTPA).
The facility will comprise 3 MTPA hot-rolled coil (HRC) capacity and 1.2 MTPA wire rod capacity, positioning the company as a key player in India’s growing steel sector. The project will be funded largely through internal accruals, supported by strong cash flows expected from FY26 onwards.
Managing Director B. Prabhakaran stated that while Lloyds Metals is open to strategic partnerships with domestic or global firms for technology and expertise, the company will primarily run the plant independently.
This investment marks a significant step for Lloyds Metals, India’s largest iron ore miner by market capitalization, as it expands downstream into steelmaking, strengthening its integrated value chain.
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