By Newscript News Network
August 20, 2025
Lloyds Metals & Energy has secured the Tandsi-III and Tandsi-III extension coking coal mines, with 23 million tonnes of reserves across Madhya Pradesh and Maharashtra. The acquisition, won with a 10.5% premium, strengthens Lloyds’ raw material security for steel.
“India’s steelmakers are heavily import-dependent. This acquisition reduces our vulnerability,” said a company official. Analysts say Lloyds is following integrated strategies of Tata Steel and JSW.
Environmentalists argue coal expansion undermines climate goals, but policymakers defend it as vital for steel competitiveness.