LLOYDSME Q1FY27: Iron Ore Production Surges 53% YoY to 6.05 MNT
Lloyds Metals and Energy Limited reported its Q1FY27 operational performance with a record 6.05 million tonnes of iron ore production, up 53% YoY. DRI production increased by 131% to 182,000 tonnes, and pellet production was 1.7 million tonnes. The company achieved its first copper output of 2,754 tonnes.
The operational update highlights significant production increases and capacity expansions, which are positive indicators for the company's future revenue and market position, but it does not contain specific financial results.
The company reported record production across key segments, including a significant YoY increase in iron ore production, demonstrating strong operational performance.
Lloyds Metals and Energy Limited (LMEL) has announced its operational performance for the first quarter of FY27 (Q1FY27), reporting its highest ever Q1 production of iron ore at 6.05 million tonnes, a significant 53% year-on-year increase. The company is anchored to produce 26 million tonnes of iron ore in FY27. The mined ore excludes 5.9 million tonnes of BHQ, which will be processed once the beneficiation plants are commissioned.
In the pellet segment, LMEL recently commenced its 4 million tonnes pellet plant, ramping up its annual capacity to 8 million tonnes. Q1FY27 pellet production reached 1.7 million tonnes. The company's entry into the market with both plants operational has been well-received.
Direct Reduced Iron (DRI) production saw a substantial growth of 131% YoY, reaching 182,000 tonnes in Q1FY27, compared to 79,000 tonnes in Q1FY26. Both new kilns are now fully commissioned and operating at capacity.
The company also reported its first output of copper from Surya mines in March 2026, with Q1FY27 production standing at 2,754 tonnes. This marks LMEL as India's first company with mine-to-market capabilities in copper, with production including residual output from the Chemaf plant.
LMEL is a leading integrated metal and mining company and the largest merchant iron ore miner in Maharashtra. The company operates one of India's largest single-location iron ore mines at Surjagarh, Gadchiroli district, with an expanded Environmental Clearance capacity of 55 million tonnes per annum (MTPA), including beneficiation of Banded Hematite Quartzite (BHQ).
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Lloyds Metals And Energy Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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