Lloyds Metals and Energy has reported the best-ever operating performance for Q1FY24, with Direct Reduced Iron (DRI) production increasing by 45% year on year (YoY) at 66,273 tonnes and Iron ore production by 400% YoY.
On the iron ore front, the Company has reported the best-ever monthly production for month of April 2023 at 1.2 million tonnes in Q1FY24. The Company also shipped its first export order in Q1FY24, further expanding its geographical reach beyond PAN India.
Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.
