Date: 1st October 2026

Operational Performance Summary

Lloyds Metals and Energy Limited reported its best-ever H1 operational performance for the period H1FY27 (April 2026 - September 2026), demonstrating significant growth across all key production segments.

Production Highlights

Iron Ore Production:

  • H1FY27 production: 10.0 million tonnes
  • H1FY26 production: 7.4 million tonnes
  • Year-over-year growth: 36%
  • The company is anchored to produce 26 million tonnes of iron ore in FY27
  • Mined ore excludes 8.7 million tonnes of Banded Hematite Quartzite (BHQ) which will be processed once beneficiation plants are commissioned

Banded Hematite Quartzite (BHQ) Production:

  • H1FY27 production: 8.7 million tonnes
  • H1FY26 production: 1.2 million tonnes
  • Year-over-year growth: 598%

Direct Reduced Iron (DRI) Production:

  • H1FY27 production: 343,064 tonnes
  • H1FY26 production: 167,812 tonnes
  • Year-over-year growth: 104%
  • Capacity utilization: more than 90% on a consistent basis
  • Total DRI manufacturing capacity: 700,000 TPA across two locations in Maharashtra

Pellet Production:

  • H1FY27 production: 3.8 million tonnes
  • H1FY26 production: 0.8 million tonnes
  • Year-over-year growth: 372%
  • Capacity utilization: 100%
  • The company commissioned its second 4 MTPA pellet plant, ramping up total annual capacity to 8 MTPA
  • This marks one of the fastest commissioning-to-ramp-up timelines achieved to date

Copper Production:

  • H1FY27 production: 4,389 tonnes
  • H1FY26 production: Not available (NA)
  • Production includes residual production from Chemaf plant in Q1FY27

Production Summary Table

| Production | H1FY27 | H1FY26 | YoY(%) |

| Iron Ore (Mn Tonnes) | 10.0 | 7.4 | 36% |

| BHQ (mn tonnes) | 8.7 | 1.2 | 598% |

| DRI (tonnes) | 3,43,064 | 1,67,812 | 104% |

| Pellet (mn tonnes) | 3.8 | 0.8 | 372% |

| Copper (tonnes) | 4,389 | - | NA |

Company Background

Lloyds Metals and Energy Limited, incorporated in 1977, is a leading integrated metal and mining company and the largest merchant iron ore miner in Maharashtra, India. The company operates one of the country's largest single-location iron ore mines at Surjagarh, Gadchiroli district, with an expanded Environmental Clearance capacity of 55 million tonnes per annum, including beneficiation of Banded Hematite Quartzite.

The company has significant infrastructure including:

  • 85 km slurry pipeline from Hedri to Konsari
  • Pellet-making capacity of 8 MTPA at Konsari
  • Strategic investments in copper mining assets in the Democratic Republic of Congo

Safe Harbor Statement

The document contains forward-looking statements based on the beliefs, opinions, and expectations of the Company's management as of the date of release. The company does not assume any obligation to update forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.