News ArticleLloyds Metals and Energy Unveils Q2 FY2026-27 Results, Greenlights 360 MW Power Plant and USD 300 Million Debt Raise
Board approves employee stock options, renewable energy investments, and Rs. 625 crore subsidiary funding alongside financial results for half year ended September 30, 2026
Lloyds Metals and Energy Limited released its unaudited standalone and consolidated financial results for the quarter and half-year ended 30th September 2026. The Board approved establishment of a 360 MW thermal power plant in Maharashtra, investment in renewable energy projects with up to 30% stake, further investment of Rs. 625 crore in subsidiary Thriveni Earthmovers, and authorized raising up to USD 300 million through debt securities issuance.
Lloyds Metals and Energy Limited
Financial Results
Lloyds Metals and Energy Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, along with several strategic approvals including a 360 MW thermal power plant, renewable energy investments, substantial subsidiary funding, and plans to raise up to USD 300 million through debt issuance.
The Board meeting on 3rd November 2026 approved the unaudited financial results reviewed by the Audit Committee and the statutory auditors' limited review report.
A 360 MW thermal power plant comprising 2x180 MW units will be set up at Konsari, Maharashtra, aimed at fulfilling the company’s integrated operations power needs.
The company plans to invest up to a 30% stake in renewable energy projects, procuring 168 MW of power through captive routes, reflecting its commitment to sustainable energy solutions.
Further investment of up to Rs. 625 crore in subsidiary Thriveni Earthmovers and Infra Private Limited has been approved through subscription to rights or capital issue in one or more tranches.
The Board authorized raising funds via issuance of USD-denominated senior secured or unsecured floating or fixed rate notes and/or INR non-convertible debentures for a total principal amount of up to USD 300 million, subject to regulatory approvals.
Highlights
- Unaudited standalone and consolidated financial results for Q2 and H1 FY2026-27 approved.
- 360 MW thermal power plant project sanctioned at Konsari, Maharashtra.
- Up to 30% investment planned in renewable energy projects for 168 MW power procurement.
- Rs. 625 crore approved for subsidiary Thriveni Earthmovers funding.
- Approved issuance of debt securities up to USD 300 million in multiple tranches.
Key Data Snapshot
What happened
- Lloyds Metals and Energy approved and announced its unaudited standalone and consolidated financial results for Q2 and H1 of FY2026-27.
- The Board sanctioned a 360 MW thermal power plant project at Konsari to support the company’s integrated operations.
- Approval was given for investments in renewable energy projects to procure 168 MW of power via captive route with up to 30% equity stake.
- The company sanctioned up to Rs. 625 crore investment in its subsidiary, Thriveni Earthmovers and Infra Private Limited, via rights or further capital issue.
- Authorization was granted to raise funds through issuance of USD-denominated notes and/or INR non-convertible debentures up to USD 300 million.
Key details
- Employee Stock Options totaling 1,370,571 were granted under two schemes: ESOP 2017 and ESOP 2024.
- The thermal power plant comprises two units of 180 MW each, located in Maharashtra.
- Renewable energy investments will be made in one or more tranches, terms to be approved by the Board or Committees.
- The proposed debt issuance includes floating or fixed rate senior secured or unsecured notes, subject to statutory approvals.
Regulatory and governance context
- Financial results have undergone limited review by the company’s statutory auditors as per SEBI regulations.
- Various disclosures comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Utilization of NCD issue proceeds and security cover certificates were submitted as part of regulatory compliance.
Highlights
- Unaudited standalone and consolidated financial results for Q2 and H1 FY2026-27 approved.
- 360 MW thermal power plant project sanctioned at Konsari, Maharashtra.
- Up to 30% investment planned in renewable energy projects for 168 MW power procurement.
- Rs. 625 crore approved for subsidiary Thriveni Earthmovers funding.
- Approved issuance of debt securities up to USD 300 million in multiple tranches.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024
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