Lloyds Metals approved Rs 3,240 crore for a 360 MW thermal power plant at Konsari in Maharashtra, due by March 2029.

Company news · Finvezto · 3 Nov 2026 · Lloyds Metals & Energy (LLOYDSME)

What happened

The Board of Lloyds Metals and Energy Limited approved an investment of up to Rs 625 crore in its subsidiary Thriveni Earthmovers and Infra Private Limited via subscription to a rights or capital issue. Source: NSE filing

It separately approved setting up a 360 MW thermal power plant, captive renewable energy investments, and raising up to USD 300 million through debt securities. Source: NSE filing

Key numbers

• Investment in Thriveni Earthmovers and Infra: ₹625 Cr
• Debt fund raise limit: 300 US$ million

Why it matters

Anand Ganapathy K: The 2x180 MW plant mainly supplies its Hedri and Konsari operations. Q2 consolidated profit rose more than 80% to about Rs 1,046 crore. Source: Stock note

Links

NSE filing (PDF) · Company page

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.