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Yes Securities Report
Lloyds Metals & Energy Ltd. is currently executing a capacity expansion at its sole mine located in the Gadchiroli region of Maharashtra, with production set to increase from 10.0 million tonnes to 25.0 million tonnes by the fourth quarter of FY25.
This expansion forms a critical foundation for the company's long-term strategy of forward integration into the steel sector, which is poised for significant growth in India due to increasing steel demand.
While the steel sector is witnessing rapid capacity expansions, similar growth is not being observed in the merchant mining industry.
Lloyds Metals & Energy aims to establish itself as one of the largest merchant iron ore producers in the country through their current expansion program.
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