Lloyds Metals & Energy’s (LMEL) has announced the company’s business operations update for the nine months ending December 2024. The company reported a 22 percent year-on-year (YoY) growth in direct reduced iron (DRI) production, which stood at 2,38,000 tonne for the nine-month period.

Iron ore production also rose by five percent YoY to 8.6 million tonne. December marked the highest monthly DRI production, with operations running at nearly full capacity. LMEL is a key DRI producer with a capacity of 3,40,000 tpa, and has a current capacity of 10 MTPA of iron ore at Surjagarh Village, Gadchiroli district in Maharashtra.

The company operates a 34 MW waste heat recovery-based power plant and supplies to markets across India. The DRI production has been witnessing strong traction, with December registering as the best production ever. The DRI units are running at near full capacity utilisation rates.