The Indian company Lloyds Metal and Energy Limited (LMEL) reached an iron ore production level of 6.05 million tons in the first quarter (April-June) of the 2026-2027 fiscal year, which is 53 percent higher, according to the company's statement on Thursday, July 2.
The company stated that the production growth is well in line with the goal of achieving a total production volume of 26 million tons by the end of the 2026-2027 fiscal year. the current financial result.
The primary ore production figure does not include an additional 5.89 million tonnes of banded hematite quartzite (BHQ) produced during the quarter. The company planned to process this significant amount of BHQ after the future processing plants are fully operational.
Direct reduction iron (DRI) production during the quarter totaled 182,460 tons, which is 131 percent more than after the commissioning of two new furnaces, which are currently operating at full capacity, the company said.
Iron ore pellet production totaled 1.69 million tons after LMEL increased its capacity to 8 million tons per year and launched a new pellet production plant with a capacity of 4 million tons per year.
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