Lloyds Metals and Energy Limited is setting up a mineral based Steel plant at Konsari, Gadchiroli district for manufacturing of DRI.
From the inception of their mining operations to the establishment of cutting-edge facilities and groundbreaking initiatives
Strengthening its ties with Thriveni Earthmovers, which joined as a co-promotor in 2021, Lloyds Metals plans to acquire the Mine Development & Operations (MDO) business of Thriveni Earthmovers Pvt. Ltd. (‘TEMPL’). The MDO division of TEMPL is currently in the process of demerging into a new entity- Thriveni Earthmovers and Infra Pvt. Ltd. (‘TEIPL’), which will become a subsidiary of Lloyds Metals.
The acquisition is expected to strengthen Lloyds Metals’ operational capabilities as it ramps up production at its flagship Surjagarh Iron ore Mine. Both companies remain committed to leveraging their combined expertise to capitalize on emerging opportunities in the metals and mining sector.
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