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Lloyds Metals approves ₹1,550 crore NCDs, ₹190 crore DRI capacity expansion in Maharashtra
CNBC-TV18 1d ago·21 Sept 2026, 10:47 am
Lloyds Metals and Energy has approved raising ₹1,550 crore through non-convertible debentures (NCDs) and plans to expand its Direct Reduced Iron (DRI) capacity by ₹190 crore in Maharashtra. This financial move is aimed at strengthening the company's capital base and funding its production growth.
For investors, the expansion of DRI capacity is significant as it positions the company to meet rising demand in the steel industry. The NCD issuance will provide the necessary liquidity to support these operational upgrades without straining cash reserves. This strategic step could enhance the company's long-term production capabilities and operational efficiency.
Investors should monitor the execution of these projects and the utilization of the raised funds. Successful implementation of these expansions could boost the company's production output and profitability in the coming quarters, making it a key factor to watch for future performance.
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