YEAR EVENTS 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. Strips. 1990 - The name of the company was changed to the present one on 5th January. 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 promoters. 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 sponge iron. - 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 & galvanised sheets. - 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 share. - (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 Gadchiroli (Maharashtra). 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. 2007 - The Company has splits its face value from Rs10/- to Rs2/-. 2008 -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. 2009 - 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, 2011 -Company has changed its name from Lloyds Metals & Engineers Ltd. to Lloyds Metals & Energy Ltd. 2013 -The Board of Directors of the Company has appointed Shri Devidas K. Kambale as additional Independent Non-Executive Director. 2014 -Board of Directors of the Company has approved Appointment of Shri J. P. Dange as Non-Executive Independent Director of the Company. 2018 -The Company has entered into a MOU with Maharashtra Industrial Development Corporation for acquisition of land admeasuring.