1977 - Llyods Metals & Engineers Limited (LMEL) was incorporated on
April, as a Private Ltd. Company in the name of Nagarjuna
and Engineers Private Ltd. The company was converted into a
Public Ltd. Company on 9th September 1986. The Company is
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
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
generated from waste gases produced in the process of making
- During September the Company's coal based sponge iron plant
Ghugus in Chandrapur district having a capacity of 1,50,000
in the first phase was commissioned. This was to meet the
material requirements of the Lloyds Steel Industries situated
Wardha. This backward integration plan was an addition to
groups forward integration plan for producing value added CR
- During Feb. the Company issued 66,41,750 No. of equity shares
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
share as follows on firm allotment basis: (a) 1,00,000 shares
IDBI, (b) 2,00,000 shares to UTI, (c) 50,000 shares to
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
(a) 53,600 shares to employees, (b) 4,13,800 shares to
residential shareholders of Group companies. Balance
shares issued to the public.
1996 - The sponge iron division undertook the wake of the second
to double the sponge iron plant capacity.
1997 - Lloyds Metals was set up as part of the backward integration
Lloyds Steel into sponge iron.
- The company has been awarded a mining lease of 450 hectares
1998 - The Credit Analysis and Research Ltd (CARE) has downgraded
Metals & Engineering Ltd's (LMEL) three non-convertible
issues (NCDs) from A-to BB. The rating has been downgraded
strong to default category.
1999 - Sponge Iron Division Energy conservation survey has been
out by Petroleum Research Institution. Accordingly cooling
towers fan metallic blades have been replaced with fiber
to reduce power consumption of the fans.
- Sponge Iron Division has been successful in completely
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.
- Shri. J S Charlu as Additional Director.
--Registered Office of the Company has been shifted from Plot No. A -
9 & 10, MIDC Phase II, Dombivli (East), Dist - Thane, 421 201,
Maharashtra to Plot No. A 1-2, MIDC Area, Ghugus, Dist. Chandrapur,
442 505, Maharashtra,
-Company has changed its name from Lloyds Metals & Engineers Ltd. to
Lloyds Metals & Energy Ltd.