Lloyds Metals and Energy Limited at the meeting of the Board of Directors held on 20 January, 2023, approved considered and finalized capacity addition of 72,000 TPA DRI Plant at Konsari Village, Gadchiroli District of the State of Maharashtra to be commissioned in the first half of fiscal year 2023-24. Capacity Addition: Existing Capacity is 2,70,000 TPA; Existing Capacity Utilization is 2,30,000 TPA; Proposed Capacity Addition is 72,000 TPA; Period within which the proposed capacity is to be added in the first half of fiscal year 2023-24; Investment required INR 2250 million; Mode of financing is Internal accruals; Rationale is to maximise use of the iron ore from the mines of the Company for value addition.