Lloyds Metals Delivers Record Q1FY27 as Iron Ore Output Jumps 53%; Congo Copper Operations Start Scaling
India, July 1 -- India's mining sector is benefiting from strong infrastructure demand, pushing companies toward higher-margin downstream integration such as pellets and DRI. At the same time, rising global demand for copper and cobalt driven by EVs and clean energy is encouraging Indian metal companies to secure strategic overseas mineral assets.
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Lloyds Metals and Energy Limited informed exchanges that its provisional Q1FY27 operational performance marked its strongest-ever first quarter across major business segments. Iron ore production stood at 6.05 million tonnes, rising 53% YoY compared to Q1FY26, with management reiterating its FY27 production target of 26 million tonnes. DRI production surged 131% YoY to 182,000 ...
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