Lloyds Metals & Energy has emerged as successful bidder for the Tandsi-III and Tandsi-III Extension coking coal mine, quoting a premium of 10.5 percent.

The mine, located on the Madhya Pradesh– Maharashtra border about 400 km from Ghugus, spans nearly 338 hectares. It holds estimated reserves of 23 million tonne of coking coal, a key input for steel production. The project will be developed using a mix of opencast and underground mining methods to ensure efficiency and sustainability.

The planned production capacity is up to 0.30 million tonne annually over a four-year development timeline, providing a steady resource stream for the company’s operations. Lloyds Metals & Energy is expected to execute the necessary agreements with the authorities in due course, moving towards the commencement of development activities.