Lloyds Metals & Energy Ltd

- The company plans to raise additional debt to fund capex, targeting a debt level around 1 to 1.5 times EBITDA, not exceeding this range. - There is no immediate plan to raise equity capital; the management does not intend to issue equity in the near future. - Equity raising may be considered later through a potential IPO of the Thriveni entity, not in the current fiscal year. - Debt raising will support ongoing and upcoming projects including copper investments and expansions.

- Total capex excluding ISP for Konsari unit: INR 28,000 crores; INR 13,500 crores already spent; balance INR 14,500 crores over next 2 years. - FY27 planned capex: INR 10,000-11,000 crores (standalone basis), including BHQ plant and ISP at Chandrapur. - Copper-related capex: USD 200-260 million (INR ~2,000 crores) mainly in FY27; plant 85-90% complete. - Thriveni capex: Approx. INR 1,000 crores for FY27. - Phase 2 slurry pipeline (16 million tons capacity) planned with total capex to be completed within 2 years. - BHQ project phase 1 (30 million tons input) to commission by Dec 2027; construction underway. - Additional $200 million expected borrowings for Chemaf plant completion (non-recourse). - Potential future equity raise in Thriveni via IPO, but none planned near-term. - Focus on maintaining debt around 1-1.5x EBITDA for sustainable leverage.

- Iron ore production expected to hold at maximized volume of 26 million tons in FY27; no volume increase anticipated immediately, but full steel plant operation expected by FY28 will boost production. - Pellet production to double in FY27 with total capacity reaching 8 million tons following commissioning of second pellet plant; capacity expansion and debottlenecking efforts targeting 10 million tons. - Continued strong ramp-up in pellet and DRI production anticipated with operational stabilization of plants. - Thriveni expects significant iron ore volume growth in FY27 due to new mining leases and environmental clearance expansions; coal volumes growing modestly. - BHQ beneficiation project to commence first phase by December 2027, increasing output and improving blended EBITDA per ton. - Copper production in Congo assets expected to grow significantly from 9,000-10,000 tons in FY26 to approximately 90,000 tons starting July 2027 with new plant commissioning. - Overall revenue and EBITDA growth expected to align with volume growth and operational efficiencies, though exact guidance deferred for analysts.

- FY27 volume expected at 26 million tons of iron ore with doubled pellet and DRI production. - Pellet plants targeting 7.5 to 8 million tons production in FY27, with potential debottlenecking to increase capacity. - FY28 steel plant to be fully operational, boosting value-added product outputs. - Revenue growth expected to broadly align with volume increase, benefiting from economies of scale. - EBITDA margin improvement driven by higher share of value-added products (pellets, DRI), slurry pipeline benefits, and better utilization. - EBITDA for FY26 stood at INR4,673 crores; further gains expected with ramped-up volumes and operational leverage. - Thriveni segment margins improved significantly, with FY26 EBITDA margin at 25%, expected to sustain growth. - Expecting structural margin improvements, sustained profitability, and robust EPS growth alongside volume and capex ramp-up.

The transcript does not explicitly mention the current or expected order book or pending orders for Lloyds Metals and Energy Limited. However, some relevant points include: - Strong pipeline for FY27 across Gadchiroli, Odisha, and coal operations signaling robust future business. - Multiple projects under discussion with Tata Steel, including slurry pipelines, steel plant facility in Gadchiroli, and new MDO projects, indicating potential upcoming orders. - Expansion activities such as new mining leases, approvals, and commissioning of pellet plants and beneficiation (BHQ) projects imply a significant project pipeline. - Efforts towards international ventures like Congo and PNG and rationalization in Indonesia suggest new or ongoing projects. No specific quantitative details or order book values are provided in the document.