Lloyds Plans Rs 20–22 Billion Steel Plant With 4 Mt Capacity

30 Sep 2025 CW Team

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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..