Lloyds Metals and Energy intends to invest between Rs 20,000 and 22,000 crore over the next four to five years to set up an integrated steel plant with a capacity that exceeds four million tonnes.
The facility will manufacture three million tonnes of hot-rolled coils and 1.2 million tonnes of wire rods.
As the largest iron ore miner in India by market capitalisation, the company plans to finance the capital expenditure mainly through internal accruals, with additional support from some debt, expecting significant cash flows ranging from Rs 3,000 to 5,000 crore starting from FY26.
While eager to operate its mines and plant autonomously, Lloyds Metals is receptive to forming strategic alliances with both domestic and international steel producers to leverage expertise in steel manufacturing. The company is establishing itself as a dependable and reputable entity, broadening its presence in the steel industry.
