India's Lloyds Metals climbs after capacity expansion approval

Lloyds Metals And Energy

11/12/2023 04:50

** Lloyds Metals and Energy  LYMT.NS  shares up 4.3% to 639
rupees, highest price since Aug. 10, 2023
    ** Miner approves expansion of iron ore mining capacity of
co up to 55 mln tonnes per annum
    ** Co also approves establishment of two plants
    ** Stock on track for third straight session of gains
    ** More than 451,000 shares traded, 2.4x the 30-day avg
    ** Stock, which listed in July, is ~15% up so far from its
listing price

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))