Lloyds Metals and Energy Limited Appoints Rajesh Gupta and Balasubramanian Prabhakaran as Managing Directors

Lloyds Metals and Energy Limited is an India-based company, which is engaged in the mining of iron ore, manufacturing of sponge iron and generation of power. It operates through three segments: Sponge Iron, Mining, and Power. The Sponge Iron segment includes production and manufacturing of sponge iron. The Mining segment includes extraction of iron ore from mines. The Power segment includes generation of power. The Company’s by-products include char, fly ash, bed materials, electrostatic precipitators (ESP) dust, and iron ore fines. Its iron ore deposit consists mainly of hematite and goethite ore with varying amounts of other secondary derivatives such as limonite and lepidocrocite. The Company is a coal-based sponge iron manufacturer of Maharashtra with a production capacity of approximately 2,70,000 tons per annum (TPA), along with a captive power plant with 30 megawatts (MW) capacity. Its subsidiaries are Thriveni Lloyds Mining Private Limited, and Lloyds Infinite Foundation.