Lloyds Metals and Energy has entered in a non-binding Memorandum of Understanding (MoU) with Tata Steel to explore strategic partnership in the areas of raw material mining, logistics, pellet and steel making. The proposed partnership aims at utilising the natural synergy in the business operations between Lloyds Metals and Tata Steel. 

The MoU sets out a framework for both companies to evaluate potential cooperation in greenfield steel making projects, iron ore mining, slurry pipeline infrastructure, pellet making in iron ore rich states in India, direct reduced iron production and exports of value-added low carbon iron and steel products among other associated areas of mutual interest. The objective is to utilise the complementary strengths of Tata Steel and Lloyds Metals to promote sustainable and efficient growth in the domestic steel sector.

Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities.