Lloyds Metals and Energy512455Board key decisions
Board clears USD 300 Million debt raise, Rs. 625 crore subsidiary investment, 360 MW power plant
Board meet outcome — five approvals 📋.
By ScoutQuest · · 3 min read
13,08,571×21.11
201762,000202413,08,571
- Debt Raise Approved
- Up to USD 300 Million via USD-denominated notes and/or INR NCDs
- Subsidiary Investment
- Up to Rs. 625 crores in Thriveni Earthmovers and Infra via rights/further issue
- Q2 Standalone Results
- Revenue Rs. 3,962.87 crore; PAT Rs. 1,111.89 crore
The Board met on 03rd November, 2026 and approved a set of decisions that combine a large debt fund raise, fresh spending on power, more capital into a subsidiary, employee stock options and the September-quarter results.
Fund raise — debt, not equity
- The Board approved raising funds through United States Dollar denominated senior secured or unsecured floating rate or fixed rate notes and/or bonds, debentures or other debt securities, and/or INR non-convertible debentures, in one or more tranches.
- The aggregate principal amount approved is up to USD 300 Million, subject to receipt of all applicable regulatory and statutory approvals.
- This is a board approval to raise debt; the instrument mix and the timing sit with the raising itself.
More money into the subsidiary
- The Board approved investment in Thriveni Earthmovers and Infra Private Limited, a subsidiary, up to an aggregate value of Rs. 625 crores.
- The route is subscription to a rights issue / further issue of capital offered by the subsidiary, in one or more tranches.
360 MW thermal power at Konsari
- Approval for a 2 × 180 MW thermal power plant at Konsari, Maharashtra, with an aggregate installed capacity of 360 MW.
- The plant is primarily intended to meet the power requirements of the company's integrated operations at Hedri and Konsari.
Renewable power — enabling approval
- The Board accorded an enabling approval for investments of up to a 30% stake in renewable energy projects, for procurement of 168 MW power through the captive route.
- The company is evaluating potential opportunities; the arrangement is envisaged to be implemented in one or more tranches.
Employee stock options
- Grant of 62,000 Employee Stock Options under the ESOP 2017 plan and 13,08,571 Employee Stock Options under the ESOP 2024 scheme, approved by the Board.
September quarter, standalone
- Revenue from operations (gross sales / income from operations) Rs. 3,962.87 crore for the quarter; other operating revenues Rs. 169.16 crore and total income Rs. 4,220.60 crore.
- Profit before tax Rs. 1,404.90 crore and profit after tax Rs. 1,111.89 crore for the quarter.
- Half year: revenue from operations Rs. 9,316.19 crore and profit after tax Rs. 2,638.82 crore.
- Segment result for the quarter: Mining Rs. 461.98 crore and Steel and related value added products Rs. 956.75 crore.
- Basic and diluted earnings per share for the quarter: Rs. 19.75 and Rs. 19.54.
- The statutory auditors carried out a limited review and issued an unqualified report.
Balance sheet pointers as at 30th September, 2026 (standalone)
- Long term borrowings Rs. 7,709.20 crore, against Rs. 2,096.00 crore as at 31st March, 2026.
- Capital work in progress Rs. 8,210.67 crore, against Rs. 5,739.06 crore as at 31st March, 2026.
- Total assets Rs. 27,885.99 crore and total equity Rs. 14,461.96 crore.
Use of earlier preferential warrant proceeds
- Gross proceeds of Rs. 2,722.83 crore were raised earlier; Rs. 2,684.19 crore was utilised and Rs. 38.64 crore remained unutilised at the end of the quarter.
- Of this, Rs. 714.74 crore was allocated to capital expenditure for the ORI plant and power plant at Ghugus, and Rs. 1,327.38 crore to pellet capacity expansion at Konsari.
Also from Lloyds Metals and Energy
Lloyds Metals makes available audio recording of Q2 & H1FY27 earnings conference call held 4 November 2026
4 Nov 2026
Lloyd's Metal reported strong Q2 results with revenue and profit growth driven by volume and margin expansion
4 Nov 2026
Monitoring agency reports no deviation in use of preferential warrant proceeds
3 Nov 2026
More numbers
- Fund raise approved, aggregate principal amountUSD 300 Million
- Further investment approved in subsidiary Thriveni Earthmovers and InfraRs. 625 crores
- ESOP 2017 options granted62,000
- ESOP 2024 options granted13,08,571
- Konsari thermal plant aggregate installed capacity360 MW
- Renewable power to be procured via captive route168 MW
- Q2 FY27 standalone revenue from operations (Rs. crore)3,962.87
- Q2 FY27 standalone profit after tax (Rs. crore)1,111.89
Source: BSE · 3 Nov 2026
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