LLOYDSME Board Approves ₹1,550 Cr NCD Issuance, Capacity Expansion
Lloyds Metals and Energy Limited's Board approved issuing NCDs up to ₹1,550 Crore. The company will also enhance DRI plant capacities: Ghugus to 8,15,000 MTPA (₹140 Cr investment) and Konsari to 92,400 MTPA (₹50 Cr investment), with completion in one year. Additionally, 1,41,969 equity shares were approved for allotment under the ESOP Plan.
The approval of substantial debt fundraising (₹1,550 Crore) and significant capacity expansion for DRI plants will have a considerable impact on the company's operational capabilities, financial structure, and future profitability.
The company's board approved significant debt fundraising, capacity expansion of its DRI plants, and allotment of shares under its ESOP plan. These are positive developments indicating growth and commitment to employee incentives.
Lloyds Metals and Energy Limited's Board of Directors convened on September 21, 2026, approving key strategic initiatives. The Board sanctioned the allotment of 1,41,969 equity shares under the Lloyds Metals and Energy Limited Employee Stock Option Plan – 2017, at ₹4 per share (including ₹3 premium). This allotment increases the company's issued and paid-up equity share capital to ₹56,30,48,920.
Furthermore, the Board approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, aggregating up to ₹600 Crore and ₹950 Crore, subject to regulatory approvals. This issuance falls within previously approved limits.
In a significant move to bolster its manufacturing capabilities, the company also approved the enhancement of its DRI Plants' capacity. The Ghugus plant's capacity will be increased to 8,15,000 MTPA, and the Konsari plant's capacity to 92,400 MTPA, thereby exceeding a total DRI plant capacity of 9,00,000 MTPA. This expansion, to be achieved through debottlenecking and process optimization, aligns with the company's strategy to strengthen its position in the steel-making value chain, optimize iron ore reserves, and improve margins. The capacity expansion at Ghugus requires an investment of ₹140 Crore, and at Konsari, ₹50 Crore, to be financed through internal accruals, with completion expected within one year.
The Board Meeting commenced at 3:00 PM IST and concluded at 3:25 PM IST.
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Lloyds Metals And Energy Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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