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.