| Mining | Iron ore extraction of high-grade hematite and BHQ beneficiation. | Long-term lease till 2057 with zero premium, integrated logistics, strategic MDO partnership. | Steel manufacturers, pellet plants, and traders (B2B). | High-grade iron ore extraction and beneficiation. | 5432 | 80 | Sale of iron ore and banded hematite quartzite. | Market-linked sale agreements and trading contracts. | Capacity increase to 55 MTPA, mining technology upgrades, strategic MDO acquisition. | Surjagarh Iron Ore Mine |
| Sponge Iron | Coal-based direct reduced iron production for steelmaking. | Captive power usage, advanced technology deployments, close integration with mining. | Steel producers and industrial users (B2B). | High-quality sponge iron production units. | 978 | 14 | Sale of sponge iron primarily to steel producers. | Contract and spot sales at market prices. | Plant modernization, new DRI plant commissioning, increased production capacity. | LMEL Sponge Iron |
| Power | Power generation from waste heat recovery and captive plants. | Cost-efficient captive power limiting expenses in production. | Internal steel and mining operations and surplus power buyers. | Waste heat and renewable power units. | 98 | 1 | Sale of surplus power and in-house consumption. | Contractual sale and power exchange trading. | Waste heat recovery installations and renewable energy projects. | LMEL Captive Power |
| Pellet Trading | Iron ore pellets trading and exports from related pellet producers. | Technological tie-up with Mandovi River Pellets, port-based pellet plant partnership. | Steel plants and export markets (B2B). | High-grade pellet trading. | 265 | 4 | Trading margins and fee based on volume. | Market linked sales contracts. | Pellet plant commission, partnerships, export market build-out. | LMELPEL |
