Lloyds Metals Gets Green Nod for Rs 9,600 Crore Projects

24 Mar 2025 CW Team

Lloyds Metals and Energy Ltd has received environmental clearance from the Ministry of Environment, Forest, and Climate Change for its upcoming $1.2 billion projects at Ghugus, Chandrapur, Maharashtra. The approval covers a 1.2 million tonne per annum (MTPA) wire rod project and a 4 MTPA pellet plant project.

According to a stock exchange filing, the clearance was granted on March 20, 2025, marking a significant milestone for the company’s expansion plans.

Earlier this year, Lloyds Metals reported a 22% year-on-year (YoY) increase in direct reduced iron (DRI) production, reaching 238,000 tonnes over nine months. Iron ore production also grew by 5% YoY to 8.6 million tonnes, with December achieving the highest monthly DRI production, nearing full capacity.

Incorporated in 1977, Lloyds Metals is a prominent iron ore miner in Maharashtra and a leading DRI producer with an annual capacity of 340,000 tonnes. The company also operates a 34 MW waste heat recovery-based power plant, catering to markets across India.

Shares of Lloyds Metals and Energy Ltd closed at Rs 1,257, up by Rs 6.90, or 0.55%, on the BSE.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..