Lloyds Metals Hits Fresh 52-Week High as Firm Doubles Pellet Capacity to 8 MTPA

Synopsis: Lloyds Metals and Energy Limited reached a fresh 52-week high today, May 4, 2026, following the announcement of a major capacity expansion at its Konsari facility. The stock rose as investors reacted to the company’s ability to double its pellet production ahead of schedule.

In a major boost to its industrial footprint, Lloyds Metals and Energy Limited announced the successful commissioning of its second 4 million tonnes per annum (MTPA) pellet plant at Konsari. This milestone effectively doubles the company’s total pelletizing capacity at the site to 8 MTPA.

The project stands out for its execution speed, having been completed in a record 16 months from the start of construction. The new plant is a critical component of the company’s “geological advantage” strategy, as it utilizes high-quality, low-alumina iron ore from its captive mines in Surjagarh. 

The ore is transported via an 85-kilometre slurry pipeline commissioned earlier in June 2025, ensuring cost-efficiency and a steady supply of raw materials for producing premium-grade pellets.

Beyond the current 8 MTPA pellet capacity, the company has already approved plans to further debottleneck these plants to reach 10 MTPA. In the longer term, the company is targeting a major ramp-up in mining capacity at its Surjagarh mines to 55 MTPA, alongside plans to establish a 4 MTPA integrated steel plant positioning the expansion as part of a much broader steel value-chain strategy.

The market response was immediate and bullish. As of 11:02 AM IST on May 4, 2026, the stock was trading at Rs. 1,792.80, up 1.61% from its previous close. During the session, the share price touched a new 52-week high of Rs. 1,795.00.

The company’s Board is scheduled to meet on May 5, 2026, to officially approve the Q4 and full-year FY26 financial results. Investors are also anticipating a potential final dividend recommendation during this meeting, which could act as a near-term catalyst for the stock.

The company’s market capitalization has now reached approximately Rs. 97,639 crore, reflecting strong investor confidence in its growth trajectory. Over the past year, the stock has delivered an absolute return of 50.06%, significantly outperforming broader market indices.

Company Overview

Lloyds Metals and Energy Limited is a leading integrated metals and mining company in India. The company focuses on building a comprehensive steel value chain, ranging from iron ore mining to the production of sponge iron and high-grade pellets. By leveraging its captive mineral resources and investing in advanced logistics like slurry pipelines, the company aims to maintain its position as a cost-competitive producer for both domestic and international markets.

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