India's Lloyds Metals to expand sponge iron capacity, issue debt
Lloyds Metals and Energy has approved an expansion of its sponge iron capacity by 207,400 tonnes per year to over 900,000 tonnes, an investment of about 1.9 billion rupees, expected within one year. The company also approved issuing non-convertible debentures totaling up to 15.5 billion rupees.
9%. The iron and steel company approved expansion of sponge iron capacity at its Ghugus plant in Maharashtra to 815,000 tonnes a year and at its Konsari plant in Maharashtra to 92,400 tonnes a year. The expansion will add 207,400 tonnes of annual capacity and lift the company's total sponge iron capacity above 900,000 tonnes, with completion expected within one year. 85 million) in the expansion.
5 billion rupees. 32% year to date. 8550 Indian rupees)