India: Lloyds Metals reports record iron ore production, up 120% y-o-y

• Lloyds Metals and Energy has reported its iron ore output at 21.96 mnt in FY'26, higher by 119% from 10 mnt in FY'25. Pellet production in FY'26 was recorded at 3.03 mnt.
• Notably, iron ore output rose 550% y-o-y to 9.1 mnt in Q4FY'26 against 1.4 mnt previously.
• The company set its production guidance at 26 mnt iron ore for FY'27, in line with its fresh EC limits.