Lloyds Metals Fires Up New 360 KTPA Sponge Iron Plant in Ghugus!
Hey there, investors and industry watchers! 👋 We’ve got some exciting news from the steel sector. Lloyds Metals and Energy Limited (LMEL) has just announced the successful commissioning of its brand-new 360,000 tonnes per annum (360 KTPA) sponge iron plant in Ghugus, Maharashtra. Talk about a capacity boost! 💪
This isn’t just any new plant; it’s a significant step for LMEL. The first of its two kilns is already fired up, and operations are steadily ramping up. This addition dramatically strengthens the company’s integrated value chain and is set to enhance operational efficiency across the board.
What’s even more impressive? This project was completed in record time! LMEL received its Environmental Clearance in February 2024, and in just over 18 months, the plant is up and running. This speedy execution, handled on a turnkey basis by Lloyds Engineering Works Limited, truly highlights LMEL’s reputation as an execution-focused company in the industry. 🚀
This Ghugus plant is the third major facility LMEL has operationalized in the current fiscal year alone, following a new 85 KM slurry pipeline and a 4 MTPA pellet plant. With this new addition, LMEL’s total installed sponge iron capacity now stands at a robust 700 KTPA! The Ghugus unit is strategically placed to utilize the company’s mined iron ore, further bolstering its integrated steelmaking capabilities.
Rajesh Gupta, Managing Director of Lloyds Metals, emphasized the strategic importance, stating, “Commissioning the Ghugus plant in just over 18 months from receiving the Environmental Clearance reflects the strength of our internal planning and project execution frameworks. For us, timely execution is not just an operational milestone; it is a strategic lever that enables faster monetisation, operating efficiency, and long-term value creation.”
This move is part of LMEL’s broader vision to build a future-ready asset base and become one of India’s most efficient and cost-effective steel producers. It’s clear that disciplined execution and timely commissioning are key pillars of their long-term strategy to deliver enduring value to all stakeholders. Keep an eye on Lloyds Metals as they continue to forge ahead! ✨
source: Corporate Announcement
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