Lloyds Metals & Energy Limited wins Tandsi-III and Extension coking coal mine bid in India with 10.5% premium, planning 0.30 million tonnes per year production over four years, reinforcing its presence in India’s coal sector.
Lloyds Metals & Energy Limited has emerged as the successful bidder for the Tandsi-III and Tandsi-III Extension coking coal mines, winning the project with a 10.5% premium. Located along the Madhya Pradesh–Maharashtra border, approximately 400 kilometers from Ghugus, the mines span an area of 338 hectares with estimated total reserves of 23 million metric tonnes.
The company plans to develop the mines using a combination of opencast and underground mining methods, targeting a production capacity of 0.30 million tonnes per annum over a four-year timeline. This strategic acquisition strengthens Lloyds Metals & Energy’s position in India’s coking coal sector, supporting domestic steel production and energy requirements.
Financial experts note that the 10.5% premium reflects the competitive nature of coking coal auctions in India, while highlighting Lloyds’ strategic focus on securing high-quality reserves to maintain growth and operational stability. Analysts expect the development to enhance the company’s long-term revenue prospects and reinforce its role in the domestic metallurgical coal supply chain.
Akshay Vora, Company Secretary of Lloyds Metals & Energy, confirmed that all necessary agreements will be executed in due course.
Detailed information on the project is available on BSE.
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