Lloyds Metals and Energy plans to invest Rs 20,000-22,000 crore over the next four to five years to establish an integrated steel plant with a capacity exceeding four million tonne.
The plant will produce three MT of hot-rolled coils and 1.2 MT of wire rods. The company, India’s largest iron ore miner by market capitalisation, aims to fund the capital expenditure primarily through internal accruals supplemented by some debt, anticipating substantial cash flows of Rs 3,000-5,000 crore from FY26 onwards.
While keen on operating its mines and plant independently, Lloyds Metals is open to strategic partnerships with both Indian and foreign steel producers to bring in expertise in steel manufacturing. The company is positioned as a reliable and trusted player expanding its footprint in the steel sector.