Kotak's ₹750 Cr Shot in the Arm for Lloyds Metals

Kotak Alternate Asset Managers has invested ₹750 crore in the non-convertible debentures of Lloyds Metals & Energy, a listed integrated mining and metals company engaged in iron ore mining and downstream steel production.

Lloyds Metals & Energy has been expanding its steel manufacturing capacity while strengthening integration across the steel value chain. The company has reported significant growth in production and profitability in recent years, supported by increased mining capacities and favourable industry conditions.

Commenting on the investment, Rahul Chhaparwal said Lloyds Metals & Energy has developed a strong and scalable mining platform with a clear roadmap for deeper value chain integration.

News by Rahul Yelligetti.