Lloyds Metals and Energy Limited has signed a non-binding memorandum of understanding with Tata Steel Limited to explore potential collaboration across mining, logistics, pellet production and steelmaking. The memorandum, dated 10 December 2025, outlines areas of joint evaluation that include greenfield steel projects, iron ore mining, slurry pipeline development, pellet and direct reduced iron production, and the export of low-carbon iron and steel products.
The MoU covers prospective cooperation on projects in Gadchiroli district of Maharashtra and includes the possibility of Tata Steel taking part in integrated steel initiatives being developed by Lloyds Metals. All initiatives set out in the document remain subject to detailed technical and commercial assessment, due diligence and internal approvals.
Tata Steel has acquired 50.01 percent of Brahmani River Pellets Limited, which operates a four million tonnes per annum pellet plant in Jajpur, Odisha, connected to a beneficiation facility in Barbil through a 212-kilometre slurry pipeline. Tata Steel has an annual crude steel capacity of 35 million tonnes and is identified as the eighth largest steel producer globally. The company operates integrated steelmaking facilities and manufactures a wide range of value-added and branded steel products.
Lloyds Metals has outlined its current capacities and expansion plans. The company reports dispatchable iron ore capacity of 26 million tonnes per annum enabled by banded haematite quartzite beneficiation. It operates a four million tonnes per annum pellet plant with a phased plan to increase output to 12 million tonnes per annum. Its direct reduced iron capacity stands at 0.7 million tonnes per annum, with a 1.2 million tonnes per annum wire rod mill under development. Future phases include a planned three million tonnes per annum hot rolled coil facility.
The company has also set out initiatives to reduce logistics-related emissions through the adoption of electric vehicle mining fleets and slurry pipeline systems. In addition, it reports investment commitments exceeding 100 megawatts in renewable energy for captive consumption.
Lloyds Metals and Energy Limited is engaged in iron ore mining, pellet production and direct reduced iron manufacturing, with operations concentrated in Chandrapur and Gadchiroli, Maharashtra.
