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Kotak Alts invests INR 750 crore in Lloyds Metals & Energy Limited

Newsmantra — Fri, 15 May 2026 11:38:47 +0000

National, 14 May 2026: Kotak Alternate Asset Managers Limited (“Kotak Alts”) today announced its investment of INR 750 crore in the non-convertible debentures (NCDs) of Lloyds Metals & Energy Limited (“LMEL”), a listed integrated mining and metals company in India.

LMEL is a fast-growing integrated player in India’s metals and mining sector with operations spanning iron ore mining, supported by a strong pipeline of downstream steel capacity expansion. In recent years, LMEL has demonstrated strong growth in production and profitability, driven by enhanced mining capacities, increasing integration across the steel value chain, and favourable sector tailwinds.

Rahul Chhaparwal, Partner, Kotak Alts said, “Lloyds has built a strong and scalable mining platform with a clear path towards integration. Our investment is aimed at supporting the company’s next phase of growth and capacity expansion, while providing a flexible capital solution aligned with its long-term objectives. We look forward to deepening our relationship with the Lloyds Group and partnering with them as they continue to scale the business.”

Mukesh Gupta, Chairperson, LMEL said, “We are delighted to partner with Kotak Alts. This investment strengthens our capital base as we continue to scale our mining and integrated steel operations. Kotak’s solution oriented and long-term approach aligns well with our growth plans, and we look forward to building this partnership as we expand our platform.”

Lloyds Metals and Energy Limited

Lloyds Metals and Energy Limited (“LMEL”), incorporated in 1977, is a Maharashtra-based integrated metals and mining company and India’s one of the largest iron ore miner. It operates the Surjagarh iron ore mine with a 55 MTPA environmental clearance. The company has built a diversified infrastructure including DRI plants, captive power generation, a slurry pipeline, and a recently commissioned 4 MTPA pellet plant. LMEL is steadily transforming into a fully integrated steel producer, backed by a large capex through FY 2029. Its expansion roadmap includes scaling mining, pelletisation, and downstream steel production capacities. The acquisition of Thriveni Earthmovers Private Limited has further strengthened its mining integration and operational capabilities. With a strong focus on sustainability, operational efficiency, and community development, LMEL is positioning itself as a future-ready, fully integrated metals player in India

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New Leadership at Hindustan Copper: Ghanshyam Das Gupta Takes Charge as Director (Mining)

Newsmantra — Fri, 15 May 2026 07:00:26 +0000

NEW DELHI. Ghanshyam Das Gupta has officially taken over as the Director (Mining) of Hindustan Copper Limited (HCL), a prominent Miniratna PSU under the Ministry of Mines. Before stepping into this senior leadership role on Thursday, Mr. Gupta served as the Executive Director and Unit Head at the Khetri Copper Complex in Rajasthan. His deep-rooted experience within the organization and his proven track record in mining operations make him a natural fit for this high-level position, where he will serve until his retirement in September 2030.

As a seasoned professional in the mining industry, Mr. Gupta has spent years leading key projects and driving operational success. His appointment is seen as a strategic move to boost HCL’s mining productivity and support the company’s future growth plans. The entire HCL team has warmly welcomed him to his new role, expressing their full support and best wishes for a successful and impactful tenure ahead.

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NLC India CMD Prasanna Kumar Motupalli Honored with Innovative Leadership Award

Newsmantra — Tue, 12 May 2026 10:23:04 +0000

BHUBANESHWAR. Shri Prasanna Kumar Motupalli, the Chairman and Managing Director of NLC India Limited, was presented with the “Innovative Leadership Excellence Award 2025–26” on May 11, 2026. The honor was conferred during the 26th Annual Geominetech Conference in Bhubaneswar, held in celebration of National Technology Day. This prestigious award recognizes his visionary management and strategic efforts in driving industry growth and national development, particularly within the mining and energy sectors.

Under his leadership, NLC India has seen a massive transformation, including a fourfold increase in market capitalization and a significant shift toward renewable energy and digitalization. Upon receiving the award, Shri Motupalli dedicated the achievement to the entire NLC India workforce, emphasizing that their collective teamwork is what fuels the company’s success. He reaffirmed the organization’s commitment to sustainable growth and enhancing India’s energy security through green initiatives and operational excellence.

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Anand Mohan Takes Charge as Director (Technical) of CMPDI

Newsmantra — Tue, 12 May 2026 10:20:36 +0000

RANCHI. Mr. Anand Mohan officially stepped into his new role as the Director (Technical) of the Central Mine Planning and Design Institute Limited (CMPDI). With a distinguished career spanning over 36 years in the coal mining industry, Mr. Mohan previously held senior leadership positions at Northern Coalfields (NCL), Central Coalfields (CCL), and Eastern Coalfields (ECL). In this new capacity, he is set to lead the organization’s efforts in research, technology, and business development, bringing a wealth of expertise to drive innovation and growth within the sector.

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Coal India to Invest Rs 3,300 Crore in New Coking Coal Washeries to Boost Domestic Steel Industry

Newsmantra — Mon, 30 Mar 2026 06:32:51 +0000

KOLKATA. Coal India plans to invest around Rs 3,300 crore to set up eight new coking coal washeries by 2029-30, adding a total capacity of 21.5 million tonnes per year to improve coal quality and reduce reliance on costly imports. The company will also spend Rs 300 crore on modernizing existing washeries to enhance efficiency.

Additionally, Coal India is monetizing some assets and collaborating with Tata Steel to increase domestic supply of quality coking coal, aiming to strengthen the steel industry and save foreign exchange.

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SECL Special Focus on Quality; Consumer Meet Organized.

Newsmantra — Tue, 17 Feb 2026 10:49:32 +0000

BILASPUR. South Eastern Coalfields Limited (SECL) hosted a Consumer Meet at its Bilaspur headquarters to strengthen collaboration and transparency with its stakeholders. Chaired by CMD Shri Harish Duhan, the session centered on the new guiding principle, “Quality Above All,” signaling a strategic shift from pure production volume to the delivery of high-purity, reliable coal. CMD Duhan and Director (Technical/Operations) Shri N. Franklin Jayakumar emphasized the mantra “Production with Purity, Dispatch with Quality,” assuring consumers that technological upgrades and robust quality control measures are being prioritized to meet the energy needs of industries. The event featured an interactive feedback session and a detailed presentation by GM (Mining/Sales) Shri Ajit Chaudhary on SECL’s operational framework and initiatives aimed at enhancing consumer satisfaction through reliable and timely service.

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