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Lloyds Metals & Energy Ltd.

BSE: 512455 Sector: Metals & Mining
NSE: LLOYDMETAL ISIN Code: INE281B01032
BSE 00:00 | 17 Jun 42.55 2.00
(4.93%)
OPEN

42.50

HIGH

42.55

LOW

41.00

NSE 05:30 | 01 Jan Lloyds Metals & Energy Ltd
OPEN 42.50
PREVIOUS CLOSE 40.55
VOLUME 1317628
52-Week high 42.55
52-Week low 7.05
P/E 4255.00
Mkt Cap.(Rs cr) 1,077
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 42.50
CLOSE 40.55
VOLUME 1317628
52-Week high 42.55
52-Week low 7.05
P/E 4255.00
Mkt Cap.(Rs cr) 1,077
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Lloyds Metals & Energy Ltd. (LLOYDMETAL) - Company History

Lloyds Metals & Engineers incorporated as Nagarjuna Metals & Engineers in April 1977 has became public in 1986 and acquired it's present name in Jan 1990. The company operating in the Iron & Steel Industry manufactures CRCA Strips Water & Gas Pipes Sponge Iron. It is also engaged in handling of Iron and Steel (Mostly flat products) from it's plant at Nagpur and Mumbai.The company in Feb. 1995 came out with a public issue at a premium of Rs.140 to partfinance its project to manufacture Sponge Iron (1.5 lakh TPA capacity) and ERW Pipes( 75000 TPA capacity) and to meet its longterm working capital requirements. First phase of the project was commissioned in Sep 1995.The company proposes to tap the international market again to increase the sponge iron plant capacity to 600000 tpa by setting up additional kilns with associated power plants and for undertaking iron ore mining by acquiring and developing iron ore mines near the sponge iron plant to economise on the production cost of sponge iron. The work on sponge iron second phase to enhance production capacity alongwith captive power plant of 12 MW is progressing slow due to change in plant technology. The company's revised proposal is under consideration with financial institution.As Part of the revival of the economic condition of the Company the Scheme of Arrangement in respect of de-merger of the C.R. sheets division into Encon Technologies Limited and amalgamation of rest of the Company thereafter with Insco Steels Limited is proposed to be effected and the same has been approved by the Members at their meeting held on June 1st 2000.The Company has become a Sick Company and reference has been registered during the year with BIFR to seek determination of measures.