Lloyds Metals and Energy Limited has commissioned its 360,000 TPA sponge iron plant at Ghugus, Maharashtra, completed in record time post-environmental clearance.

Sep 1, 2025

Lloyds Metals and Energy Limited (“LMEL”) is pleased to announce the successful commissioning of its 360,000 tonnes per annum (360 KTPA) sponge iron plant at Ghugus, Maharashtra. The first of the two kilns has been successfully fired, and operations are being ramped up in a phased and calibrated manner. This plant was executed on a turnkey basis by Lloyds Engineering Works Limited.

 The project has been completed in record time following receipt of Environmental Clearance (“EC”) in February 2024, further reinforcing LMEL’s standing as one of the most execution-focused companies in the sector. 

This latest commissioning marks the third major facility operationalized by the Company within the current fiscal year alone, following the recently inaugurated 85 KM slurry pipeline and 4 MTPA pellet plant. Such consistent delivery highlights Lloyds Metals’ capabilities for turning capital expenditure into productive assets swiftly and reliably. 

With the addition of this facility, LMEL’s total installed sponge iron capacity now stands at 700 KTPA The Ghugus unit is strategically positioned to support captive utilization of the company’s mined iron ore and bolster its integrated value chain of steel making.

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Rajesh Gupta, Managing Director of Lloyds Metals, commented: “Commissioning the Ghugus plant in just over 18 months from receiving the Environmental Clearance reflects the strength of our internal planning and project execution frameworks. For us, timely execution is not just an operational milestone; it is a strategic lever that enables faster monetisation, operating efficiency, and long-term value creation.”