Lloyds Metals Shares Surge on New Plant & Pipeline

  Published 9 months ago

Lloyds Metals shares rise 2.6% after commissioning a 4 Mtpa pellet plant, an 85km pipeline in Maharashtra, boosting YTD gains to 22%.

  • Shares up 2.6% to 1,506.6 rupees post new iron ore pellet plant and slurry pipeline launch.
  • Stock gained 17% in April and, June quarter, extending gains for seven quarters since July 2023 NSE listing.
  • Year-to-date gains reach ~22% as the miner expands capacity with infrastructure in Maharashtra.

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