The shares of Mining & Mineral Stock that are in the business of mining of Iron Ore, manufacturing Sponge Iron, and generation of Power are in focus after shares worth Rs Rs 20.65 Crores changed hands through a block deal.
Share Price Movement
The shares of Lloyds Metals & Energy Ltd, with a total market capitalization of Rs 62,673.92 Crores, reached an intraday high of Rs 1,219 per share gaining around 4 percent Lloyds Metals & Energy on Thursday’s trade. As of 10:30 am the shares retreated slightly and were trading at Rs 1,197 per share which was 2.15 percent higher than the previous closing price of Rs 1,171.90 apiece.
The shares of Lloyds Metals & Energy Ltd generated multibagger returns of 107 percent in the past year, 808 percent return in the past three years, and 13,982 percent return in the past five years respectively.
What Happened
As per a press release dated February 19, 2025, Mr. Ravi Agarwal one of the promoters of the Ltd has bought 1,77,240 Equity shares at Rs 1,165 via a block deal from Mr. Rajesh Gupta who is the managing director and promoter of the company.
Financials
The company reported a decline of 12.4 percent YoY in revenues from operations from Rs 1,912 Crores in Q3FY24 to Rs 1,675 Crores in Q3FY25. Their Net Profits however saw an YoY growth of 17 percent from Rs 332 Crores to Rs 389 Crores over the same period.
Also read: Bulk Deal: Stock jumps 4% after Goldman Sachs bought stake worth over ₹400 Cr
Operational Updates
The company has reported its highest-ever nine months ended 9MFY25, iron ore production, achieving an impressive 8.6 million tonnes, marking a 5 percent YoY increase. The company’s Direct Reduced Iron (DRI) production also reached 238K tonnes, reflecting a 22 percent YoY growth.
Mining Industry
As per Deloitte’s report, the Indian mining sector is crucial for the country’s growth, impacting downstream industries like power, steel, and aluminium, which are linked to manufacturing and infrastructure sectors. With vast mineral reserves, India’s mining contribution to GDP has ranged between 2.1% and 2.5% over the last decade.
The sector has the potential to drive India toward a USD 30 trillion economy by 2047, creating 25 million jobs and contributing an additional USD 500 billion to GDP.
About Lloyds Metals & Energy Ltd
Lloyds Metals & Energy Ltd is engaged in the mining of iron ore, manufacturing of sponge iron, and power generation. It is a Direct Reduced Iron manufacturer and is the largest merchant iron ore miner in Maharashtra, India. It has a 3,40,000TPA capacity for Direct Reduced Iron across two Districts in Maharashtra and a 34MW waste heat recovery-based power plant. LMEL has a current capacity of 10 MTPA of iron ore at Surjagarh Village, Gadchiroli district in Maharashtra.
Written By Adhvaitha Nayani
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