LLOYDSMELloyds Metals & Energy Ltd.
Lloyds Metals & Energy approves ₹3,240 crore, 360 MW thermal power plant at Konsari
- Guidance
- Iron ore mining and steel
Reviewed byKeshav SehgalBlacklitt Research
Lloyds Metals & Energy (NSE: LLOYDSME) has approved a 2 × 180 MW thermal power plant at Konsari, Maharashtra, with an aggregate installed capacity of 360 MW and estimated capital expenditure of ₹3,240 crore, it said in a filing on 03 Nov 2026. The plant is intended mainly to meet power needs at its Hedri and Konsari operations.
Key highlights
- Aggregate installed capacity: 360 MW
- Estimated capital expenditure: ₹3,240 crore
- Expected completion: March 2029, subject to approvals
- Financing: a mix of debt and equity, including internal accruals
The power plant in numbers
| Item | Detail |
|---|---|
| Project | New 2 × 180 MW thermal power plant at Konsari, Maharashtra |
| Aggregate installed capacity | 360 MW |
| Estimated capital expenditure | ₹3,240 crore |
| Stated purpose | Power requirements of integrated operations at Hedri and Konsari |
| Expected completion | March 2029, subject to regulatory and statutory approvals |
| Financing | Mix of debt and equity, including internal accruals, as the Company may determine |
| Existing capacity | None; the Company is setting up a new plant |
Scale of the capital outlay
The estimated capital expenditure of ₹3,240 crore is the figure the Board approved for the plant, according to the filing's Annexure-B. The company's latest quarter, consolidated, reported total income of ₹7,482.72 crore and net profit of ₹1,733.89 crore for Q1 FY27, so the outlay is about 43% of that quarter's total income.
The company's market value stood at ₹1,00,195 crore at the 03 Nov 2026 close, so the outlay is about 3.2% of that value. These are comparisons only; the filing does not state how the spending will be phased across the period to March 2029.
Financing and timing
The filing says the project is to be financed through a mix of debt and equity, including internal accruals, as the Company may determine. It does not give the split between debt and equity or the amount of each.
The completion date of March 2029 is expected, and is subject to receipt of necessary regulatory and statutory approvals. The filing does not say whether those approvals have been obtained.
Context from recent filings
The company's recent filings include a 29 Oct 2026 intimation of allotment of US dollar denominated notes, and the Board has separately approved on 03 Nov 2026 the raising of up to USD 300 million through notes or debt securities, subject to approvals. Whether the plant is linked to that fund-raise is not stated in the filing.
What the power plant approval means for Lloyds Metals & Energy's shareholders
The approval commits the company to a new plant with estimated capital expenditure of ₹3,240 crore and a completion target of March 2029. The filing does not say what revenue or cost effect the plant will have, what power cost savings are expected, or whether the regulatory approvals have been obtained. The next dated step in the filing is the March 2029 completion target.
Filed with NSE on . Reference: Original filing (PDF)
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