LLOYDS ENGINEERING WORKS LIMITED
Established in 1974, Lloyds Steels Industries is primarily engaged in the design, Manufacturing, and Commissioning of heavy equipment, machinery & systems for the HydroCarbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.
What LLOYDS files
- Others89
- Important71
- Updates21
- Board Meeting21
- Dividend/Bonus6
- QIP/Rights/Pref.4
Lloyds Engineering acquired 51.13% of Steel Infra Solutions (SISCOL) for 626.39 Cr, making it a subsidiary. This expands its heavy steel fabrication business, aiming for diversification, operational synergies, and stronger project bidding. SISCOL's recent turnover was 816.87 Cr with 43.42 Cr net profit.
Lloyds Engg acquired 51.13% of Steel Infra Solutions Company Ltd (SISCOL) for ₹626.39 Cr, making it a subsidiary. SISCOL, a heavy steel fabrication firm, reported ₹816.87 Cr turnover and ₹43.42 Cr net profit. This move expands capabilities and creates synergies.
Lloyds Engineering completed a preferential share allotment, issuing shares worth ₹499.05 Cr to acquire Steel Infra Solutions and raising ₹4.99 Cr in cash. This strengthens the capital base and expands business scope.
Lloyds Engineering's Board approved reallocating Rs. 326.73 Cr unutilized rights issue funds. Key changes include allocating Rs. 86.59 Cr for working capital and Rs. 71.25 Cr for Bhilai Engineering assets acquisition. General Corporate Purposes retain Rs. 168.89 Cr of these funds.
Lloyds Engineering reported strong Q1FY27: consolidated revenue up 139% & PAT up 127% YoY. Order book stands robust at 8,856.9 Cr. Proposed SISCOL 52.16% stake acquisition for ~635 Cr adds ~1,197 Cr to order book, alongside ongoing Bhilai engineering division acquisition and 32 Cr R&D spend.