Kotak Alts Pumps ₹750 Crore into Lloyds Metals & Energy Expansion.

Kotak Alternate Asset Managers has invested ₹750 crore in the non-convertible debentures of Lloyds Metals & Energy, a listed integrated mining and metals company with operations spanning iron ore mining and downstream steel production.

LMEL has been expanding its steel capacity while strengthening integration across the steel value chain. The company has reported strong growth in production and profitability in recent years, supported by enhanced mining capacities and favourable industry trends.

Commenting on the investment, Rahul Chhaparwal said Lloyds has built a strong and scalable mining platform with a clear roadmap towards greater integration.