Harsco Environmental Secures New 10-Year Contract With Lloyds Metals and Energy Limited
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.
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.
Details
News Market Reaction – NVRI
In the Feb 18 session, 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
- 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
Historical Context
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Announced new independent chair and CEO transition effective February 2026.
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Named to 2026 Global 100 Most Sustainable Corporations with high industry ranks.
-
Announced date and details for Q4 and full-year 2025 earnings release and call.
-
Outlined CFO retirement tied to Clean Earth sale and New Enviri spin-off plan.
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Announced $3.04B Clean Earth sale and taxable spin-off of New Enviri to holders.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
metal recovery technical
slag processing technical
integrated steel plant technical
AI-generated analysis. How Rhea-AI works. 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
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