Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lloyds Metals & Energy has informed that they have signed Memorandum of Understanding (MOU) with Government of Maharashtra to facilitate investment in respect of the proposed Mineral based Steel Plant at Gadchiroli District, Maharashtra, with an investment of Rs 700 Crores generating direct employment opportunity upto 800 persons in two phases spread over next 10 years, during the Magnetic Maharashtra Convergence - 2018 on 15.02.2018. Further, The Government of Maharashtra will facilitate the Company to obtain necessary permission/registrations/approvals/clearances/fiscal incentives etc. from the concerned department of the state, as per the existing policies/rules and regulations of the Government of Maharashtra.
The above information is a part of company’s filings submitted to BSE.
