Lloyds Metals to Invest ₹22,000 Crore in 4 Million Ton Steel Plant.

Lloyds Metals and Energy is planning to invest ₹20,000-22,000 crore in setting up an integrated steel plant with a capacity of over 4 million tonnes (MT) over the next four to five years, said Managing Director B. Prabhakaran in an exclusive interview with ET.
The new facility will include a 3 MT capacity for hot-rolled coils and 1.2 MT for wire rods production. Prabhakaran also mentioned that the company is open to strategic partnerships with both Indian and foreign steelmakers once the initial capacity is established, aiming to leverage expertise in steel production.
While Lloyds Metals prefers to operate its mines and steel plant independently, the company recognizes the value that partnerships could bring to steel manufacturing. As India’s largest iron ore miner by market capitalization, Lloyds is entering the steel sector with ambitious plans.
The company expects cash flows in the range of ₹3,000-5,000 crore from fiscal 2026 onwards, funding most of the capital expenditure through internal accruals with some debt. “We are not debt averse but would like to be very calibrated in debt raising,” Prabhakaran said. “I would like my net debt to be lesser than my EBITDA.”