Harsco Environmental Secures New 10-Year Contract With Lloyds Metals and Energy Limited

Rhea-AI Summary

Harsco Environmental (NYSE: NVRI) signed a 10-year contract with Lloyds Metals and Energy Limited to design, build, commission, operate, and maintain a metal recovery and slag processing plant at LMEL’s integrated steel facility in Maharashtra, India.

The project begins in 2027, is expected to create 54 new jobs, and expands Harsco Environmental’s footprint and sustainability services in India.

Positive

• 10-year contract to provide end-to-end metal recovery and slag processing services
• Project start in 2027 expanding operations in India
• 54 new jobs created in the Maharashtra region

Negative

• None.

News Market Reaction

+1.05%

1 alert

+1.05% News Effect

On the day this news was published, NVRI gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Contract term: 10 years New jobs: 54 jobs Contract start: 2027 +5 more

8 metrics

Contract term 10 years Harsco Environmental–LMEL agreement duration

New jobs 54 jobs Roles expected to be created in Maharashtra, India

Contract start 2027 Planned start of LMEL metal recovery and slag processing contract

Clean Earth sale value $3.04 billion Cash consideration from Clean Earth sale to Veolia

Cash per share range $14.50–$16.50 Expected cash to Enviri holders at Clean Earth deal closing

New Enviri share ratio 0.33 shares New Enviri shares per Enviri share in planned spin-off

Fund 1 stake 4,294,596 shares (5.32%) Beneficial ownership of Enviri common per Schedule 13G/A

Newtyn stake 4,999,387 shares (6.2%) Passive ownership in Enviri common and options per Schedule 13G

Market Reality Check

Price: $19.34 Vol: Volume 806,844 is below t...

low vol

$19.34 Last Close

Volume Volume 806,844 is below the 20-day average of 1,455,330 (relative volume 0.55x). low

Technical Price at $19.00 sits about 2.46% below the 52-week high of $19.48 and is trading above the 200-day MA of $12.62.

Peers on Argus

Sector peers show mixed moves, and the momentum scanner flags only RSG moving -1...

1 Down

Sector peers show mixed moves, and the momentum scanner flags only RSG moving -1.89% without news, suggesting the setup is more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Jan 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	Board succession	Neutral	+0.2%	Announced new independent chair and CEO transition effective February 2026.
Jan 22	Sustainability ranking	Positive	+1.0%	Named to 2026 Global 100 Most Sustainable Corporations with high industry ranks.
Jan 14	Earnings timing	Neutral	-0.1%	Announced date and details for Q4 and full-year 2025 earnings release and call.
Jan 05	CFO transition	Neutral	+1.3%	Outlined CFO retirement tied to Clean Earth sale and New Enviri spin-off plan.
Nov 21	Asset sale & spin	Positive	+28.2%	Announced $3.04B Clean Earth sale and taxable spin-off of New Enviri to holders.

Pattern Detected

Recent company-specific news, especially the Clean Earth sale and spin-off plan, has generally coincided with positive price reactions, including a strong 28.22% move on the November 2025 transaction announcement.

Recent Company History

Over the past few months, Enviri has focused on portfolio reshaping and governance. The November 2025 agreement to sell Clean Earth for $3.04 billion and spin off Harsco Environmental and Rail drove a 28.22% gain. Subsequent updates on CFO transition and sustainability recognition also saw modest positive moves. Today’s 10-year Harsco Environmental contract in India extends this strategic emphasis on environmentally focused industrial services and international footprint expansion.

Market Pulse Summary

This announcement outlines a 10-year contract for Harsco Environmental to design, build, and operate...

Analysis

This announcement outlines a 10-year contract for Harsco Environmental to design, build, and operate a metal recovery plant and slag processing operation at LMEL’s integrated steel plant in India beginning in 2027. It adds 54 jobs and deepens the company’s industrial and sustainability positioning, echoing themes from its Global 100 sustainability recognition and portfolio reshaping. Investors may watch future disclosures for revenue contribution, margin profile, and additional contracts supporting the New Enviri strategy.

Key Terms

metal recovery, slag processing, integrated steel plant

3 terms

metal recovery technical

"provide the design, build, commission, operation, and maintenance of the metal recovery plant"

Metal recovery is the proportion of metal a mine or recycling plant actually extracts from the raw material it processes, like how much juice you get after squeezing fruit. It matters to investors because higher recovery means more saleable metal from the same input, boosting revenue and profit, lowering per-unit costs, and affecting reserve life and environmental compliance — all factors that influence a company’s value and risk.

slag processing technical

"metal recovery plant along with all associated slag processing at LMEL’s integrated steel plant"

Slag processing is the treatment and recycling of the glassy, rocky byproduct produced during metal smelting and refining, turning waste into useful materials or recovering leftover metals. For investors, it matters because effective slag processing can create additional revenue streams, lower disposal and environmental costs, and reduce regulatory risks — similar to a bakery turning leftover dough into a saleable product instead of throwing it away.

integrated steel plant technical

"slag processing at LMEL’s integrated steel plant in Maharashtra, India"

An integrated steel plant is a large industrial site that turns raw materials such as iron ore and coal into finished steel products on the same site, combining heavy smelting furnaces with rolling and finishing lines. For investors, it matters because these plants are capital‑intensive and vertically integrated—like a bakery that mixes, bakes and packages everything under one roof—so they affect a company's cost structure, production control, environmental footprint and sensitivity to raw‑material and energy prices.

AI-generated analysis. Not financial advice.

LONDON, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Harsco Environmental, a division of Enviri Corporation (NYSE: NVRI) and a global leader in providing innovative environmental solutions, announced it has signed a 10-year contract with Lloyds Metals and Energy Limited (LMEL), a major steel and mining company in India. 

Under the agreement, Harsco Environmental will provide the design, build, commission, operation, and maintenance of the metal recovery plant along with all associated slag processing at LMEL’s integrated steel plant in Maharashtra, India. The agreement is expected to create 54 new jobs in the region and will begin in 2027.

“This new agreement with LMEL underscores our shared commitment to sustainability while meeting the needs of a growing industry,” said Harsco Environmental President Christophe Reitemeier. “As we continue to expand our footprint in India, we’re helping our customers meet their environmental goals.”

"By leveraging Harsco Environmental's expertise in metal recovery and slag processing, we aim to enhance resource efficiency and reduce environmental impact. This collaboration aligns with our ambition to establish our integrated steel plant, centered around sustainability and innovative practices within the sector," said Madhur Gupta, Executive Director, LMEL.

For more information about Harsco Environmental and its innovative solutions, visit www.harsco-environmental.com.

About Harsco Environmental

Enviri’s Harsco Environmental division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at over 130 customer sites across more than 30 countries. Harsco Environmental is a technology partner delivering cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production co-products. Visit harsco-environmental.com to learn more.

About Lloyds Metals and Energy Limited

LMEL is rapidly emerging as a global leader in the minerals and metals sector. Currently operating India’s largest iron ore mine, LMEL is on an aggressive trajectory to ramp up dispatchable capacity to 26 MTPA through pioneering BHQ beneficiation. With a strong foundation in Maharashtra, LMEL is also scaling its pellet production from 4 MTPA to 12 MTPA and is vertically integrating into sustainable steel manufacturing. Beyond iron, the company is expanding its global footprint with strategic copper operations in the Democratic Republic of Congo (DRC) and is pioneering gold mining operations in India. Through its Mine Developer and Operator (MDO) arm, Thriveni Earthmovers and Infra, Lloyds Metals also has presence in commodities such as coal, manganese, and barytes.

Investor Contact David Martin +1.267.946.1407 dmartin@enviri.com

Media Contact Karen Tognarelli +1.717.480.6145 ktognarelli@enviri.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4849356f-0ae0-446d-afd3-555647da2035

FAQ

What did Harsco Environmental (NVRI) announce on February 18, 2026 about LMEL?

Harsco Environmental announced a 10-year contract with Lloyds Metals and Energy Limited to deliver metal recovery and slag processing services. According to the company, the agreement covers design, build, commission, operation, and maintenance at LMEL’s Maharashtra integrated steel plant starting in 2027.

How long is the Harsco Environmental (NVRI) contract with Lloyds Metals and Energy Limited?

The contract term is 10 years, covering long-term operations and maintenance commitments. According to the company, Harsco Environmental will provide end-to-end services for metal recovery and slag processing at LMEL’s integrated steel plant beginning in 2027.

When will the Harsco Environmental (NVRI) project with LMEL begin and where is it located?

The project is scheduled to begin in 2027 at LMEL’s integrated steel plant in Maharashtra, India. According to the company, Harsco Environmental will handle design, build, commissioning, operation, and maintenance for the metal recovery plant and slag processing.

How many jobs will the Harsco Environmental (NVRI) contract with LMEL create in India?

The agreement is expected to create 54 new jobs in the Maharashtra region related to plant construction and operations. According to the company, these roles support the metal recovery and slag processing facility starting in 2027.

What services will Harsco Environmental (NVRI) provide under the LMEL contract?

Harsco Environmental will provide design, build, commission, operate, and maintain the metal recovery and slag processing plant. According to the company, this covers full lifecycle services to support LMEL’s integrated steel plant sustainability goals.

What is the strategic significance of the LMEL contract for Harsco Environmental (NVRI)?

The contract expands Harsco Environmental’s presence in India and reinforces its sustainability-focused service offering in metals recovery. According to the company, the project advances resource efficiency and supports LMEL’s integrated steel plant ambitions beginning in 2027.