1977 - Llyods Metals & Engineers Limited (LMEL) was incorporated on 5th
April, as a Private Ltd. Company in the name of Nagarjuna Metals
and Engineers Private Ltd. The company was converted into a
Public Ltd. Company on 9th September 1986. The Company is having
Manufacturing facilities for fabricating S.S. Patta with a
capacity of 1,800 tpa. and 10,000 tpa. for fabrication of
equipments etc. The company was promoted by R.N. Gupta.
1987 - LMEL obtained the licence to manufacture 12,000 tpa. of C.R.
1990 - The name of the company was changed to the present one on 5th
1991 - The company commissioned additional 4-Hi cold rolling mill
thereby increasing the installed capacity of the plant from
12,000 tpa. to 46,000 tpa.
1993 - 900 No. of Equity shares subscribed for by signatories to the
Memorandum of Understanding. 50,05,000 shares allotted to the
1994 - 50,05,900 bonus shares issued in prop. 1:1.
1995 - The Sponge iron division's profitability was affected by non
availability of higher transportation cost. It proposed to
undertake an iron ore mining project, construction of railway
sidings and setting up captive power plant by using the energy
generated from waste gases produced in the process of making
- During September the Company's coal based sponge iron plant at
Ghugus in Chandrapur district having a capacity of 1,50,000 tpa.
in the first phase was commissioned. This was to meet the raw
material requirements of the Lloyds Steel Industries situated at
Wardha. This backward integration plan was an addition to the
groups forward integration plan for producing value added CR &
- During Feb. the Company issued 66,41,750 No. of equity shares of
Rs 10 each at a prem. of Rs 140 per share as follows:
- (i) 25,02,900 shares on rights basis at a prem. of Rs 140 per
- (ii) 41,38,800 shares through prospectus at a prem. of Rs 175 per
share as follows on firm allotment basis: (a) 1,00,000 shares to
IDBI, (b) 2,00,000 shares to UTI, (c) 50,000 shares to Industrial
Bank Ltd. (d) 2,25,000 shares to Indian Mutual Funds, (e)
4,00,000 shares to NRIs.
- Of the remaining, following were issued on preferential basis.
(a) 53,600 shares to employees, (b) 4,13,800 shares to
residential shareholders of Group companies. Balance 26,96,400
shares issued to the public.
1996 - The sponge iron division undertook the wake of the second phase
to double the sponge iron plant capacity.
1997 - Lloyds Metals was set up as part of the backward integration of
Lloyds Steel into sponge iron.
- The company has been awarded a mining lease of 450 hectares at
1998 - The Credit Analysis and Research Ltd (CARE) has downgraded Lloyds
Metals & Engineering Ltd's (LMEL) three non-convertible debenture
issues (NCDs) from A-to BB. The rating has been downgraded from
strong to default category.
1999 - Sponge Iron Division Energy conservation survey has been carried
out by Petroleum Research Institution. Accordingly cooling
towers fan metallic blades have been replaced with fiber blades
to reduce power consumption of the fans.
- Sponge Iron Division has been successful in completely absorbing
the technology obtained indigenously.
- The Company has splits its face value from Rs10/- to Rs2/-.
-Lloyds Metals & Engineers Ltd has appointed Mr. B B Chadha as Additional Independent Director with effect from this Board meeting i.e. July 28, 2008.
-Lloyds Metals & Engineers Ltd has informed that as per intimation received from IDBI Bank Ltd. Smt. V M Bharathy has been appointed as Nominee Director of IDBI Bank Ltd w.e.f. September 08, 2008, in place of Mr. D K Kambale.