Lloyds Metals and Energy Limited has officially informed the stock exchanges that its wholly-owned subsidiary, Lloyds Steel Private Limited, has been allotted 1,170,000 fully paid-up equity shares of Loka Metals Private Limited. This allotment was made pursuant to a preferential allotment by way of private placement. The move signifies a strategic step by the company to expand its footprint in the steel processing and distribution sector.

The acquisition involves a total cash consideration of ₹1.17 Crore, paid by Lloyds Steel to subscribe to 11.70 Lakh equity shares at their par value of ₹10 per share. This investment grants Lloyds Steel a 19.50% equity stake in Loka Metals Private Limited. Loka Metals, incorporated on September 2, 2025, is a Telangana-based entity focused on steel processing and trading within the iron and steel industry. Currently, the target company is in the process of setting up a steel distribution facility and a “cut and bend” plant, though it is yet to commence commercial operations.

Lloyds Metals and Energy Limited is a leading integrated player in the metals and mining sector, operating the only iron ore mining operation in Maharashtra with a long-term 50-year lease valid until 2057. The company’s business segments include iron ore mining, manufacturing of Direct Reduced Iron (Sponge Iron), and captive power generation. In recent developments throughout 2025, the company successfully commissioned a 360 KTPA Sponge Iron Plant at Ghugus on September 1, and a 4 MTPA Pellet Plant along with an 85 KM slurry pipeline in June 2025. Furthermore, a subsidiary acquired a 50% stake in copper mining assets in DR Congo for $90.8 Million in October 2025, marking a significant international expansion.

In the latest quarterly financial results announced for the period ended December 31, 2025, the company reported a robust performance with Net Sales reaching ₹3,839.80 Crore, reflecting a substantial increase from ₹1,675.17 Crore in December 2024 and ₹2,547.98 Crore in the September 2025 quarter. Profit After Tax (PAT) for the quarter stood at ₹888.55 Crore, a sharp growth compared to ₹389.53 Crore in the corresponding quarter of the previous year. The company’s shareholding pattern as of December 2025 shows a strong promoter holding of 63.73%, while institutional presence includes Quant Mutual Fund (specifically the Quant ELSS Tax Saver Fund), which held a 1.22% stake in the preceding quarter. Other major shareholders include Thriveni Earthmovers Private Limited, holding approximately 19% of the company.