Dear stakeholders,
It gives me immense pleasure to look at our F.Y. 2022-23 performance. We have seen
multiple challenges in both domestic as well as International environments. We set up many
new operational benchmarks and notched up new milestones. I am pleased to share that we
posted unprecedented numbers across operational and financial metrics during the year in
the likes of highest dispatches, higher capacity utilisation, highest ever turnover and
eBItda. We have built up a secure footing for the company, which provides a ginormous
opportunity to have more years of higher highs in our operations and financial
performance.
As this performance brings a spate of optimism, strength, and satisfaction, I thank all
our dedicated and motivated colleagues who have made this accomplishable. I would take a
moment to thank them all for standing us through the turmoil of the times.
WAY FORWARD
We see the present macroeconomic and competitive challenges as an opportunity to create
strategic agility in our operating model. While sustainability continues to be integral to
our strategic approach, we are concurrently building upon our iron ore reserves.
steelmaking is a coherent approach where iron ore resources are tapped to their full
advantage. Going ahead with our strategy of being present in the complete value chain of
steelmaking, the Company has laid out a systematic roadmap which shall transform the
Company into a value added fully integrated steel producer.
Our steel Making would involve world-class facilities generating throughput of
high-class value-added steel products. Our endeavour is not confined to being a
value-added steelmaker, it's a process which we are more focused on. as you all are aware
of the cyclical nature of the steel industry, capital allocation is the foremost line of
strategy. In the steel industry, where raw materials like iron ore, coal etc., have
significant importance, Capital is a crucial raw material with the same grandness, if not
more. We believe it shall be used judiciously, making the company stand tall in all
volatility cycles. With that concept of prudence, we aim to carve out our roadmap of
steelmaking majorly through internal accruals only. this shall bear us the rewards in
perpetuity. Under the guidance of our experienced and dynamic leadership, along with the
passion and commitment of our employees, I am confident that we will be able to realise
the full potential of lloyds Metals and energy limited in the coming years.
COMMITMENT TO ENVIRONMENT AND SOCIETY
Our long-term strategic plans across our business units and functions are aligned with
environment, social and Governance (ESG) principles and give us the optimism to create a
bright future for all our stakeholders. Corporate Governance remains paramount, and our
philosophy remains committed to strong corporate governance principles.
APPRECIATION
I would also like to take this opportunity to thank the Members of our Board, our
channel partners, and all other stakeholders for their encouragement and support
throughout the course of the year.
Mr. Mukesh rajnarayan Gupta
Chairman