A regulatory filing submitted by India's Lloyds Metals & Energy Limited (LMEL) showed that the company has received an environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEFCC). 

MoEFCC has approved LMEL to build a 1.2 million ton per annum wire rod plant and a 4 million ton per annum pelletizing plant in Maharashtra, western India.

LMEL is a major iron ore miner in Maharashtra and a significant producer of direct reduced iron (DRI) with an annual production capacity of 340,000 tons. In addition, the company also operates a 34 MW waste heat recovery-based power plant and sells its products to markets across India.