Lloyds Metals and Energy has announced plans to develop a large-scale integrated steel plant with an investment of approximately Rs 20–22 billion. The proposed facility will have a production capacity exceeding four million tonnes per annum and is expected to be completed within four to five years.

The move underlines Lloyds’ intention to strengthen its role in India’s expanding steel sector, driven by robust demand from construction, infrastructure, automotive, and engineering industries. The integrated plant will cover the full value chain, from raw material handling to finished steel products, enhancing efficiency and reducing dependence on external suppliers.

Company officials noted that the project would provide cost advantages and flexibility in meeting diverse demand segments. As steel is vital for national infrastructure, the facility aligns with the government’s goals of industrial growth and self-reliance.

The plant is also expected to generate substantial employment opportunities and support allied industries, including raw material suppliers, logistics providers, engineering services, and local businesses. Analysts suggest the investment will enable Lloyds to consolidate its domestic market position and explore export opportunities.

Industry experts view the expansion as a sign of confidence in India’s long-term steel demand, reflecting rising infrastructure spending and urban development trends.