Lloyds Engineering Works is acquiring a 52.16% stake in Steel Infra Solutions for ₹635.40 crore. This move aims to create a multi-disciplinary engineering platform and targets over Rs. 10,000 crore revenue by FY30. Shareholders will vote on this acquisition.

Lloyds Engineering Acquires Steel Infra Solutions for Rs. 635 Crore

Lloyds Engineering Works Limited (LEWL) announced plans to acquire a 52.16% stake in Steel Infra Solutions Company Limited (SISCOL) for ₹635.40 crore. This strategic move is designed to transform LEWL into a comprehensive, multi-disciplinary engineering platform.

Reader Takeaway: Acquisition to boost revenue; integration and future listing are key watchpoints.

What just happened

LEWL's board approved the acquisition of a majority stake in SISCOL. The deal, valued at ₹635.40 crore, includes cash and a share swap. This is part of a larger 88.12% aggregate acquisition involving other entities.

SISCOL's financial performance shows steady growth, with projected turnover of ₹816.87 crore for FY26 and a reported net profit of ₹43.42 crore in FY26.

Why this matters

The acquisition positions LEWL as an integrated Engineering, Procurement, and Construction (EPC) player, moving beyond its role as a specialist engineering manufacturer. This expansion is expected to enable the company to bid for larger, turnkey projects and achieve its ambitious revenue target.

The backstory

SISCOL brings significant manufacturing capacity, currently at 150,000 MTPA with plans to expand to 200,000 MTPA. The integration of these capabilities is crucial for LEWL's growth strategy.

What changes now

LEWL aims to exceed ₹10,000 crore in annual revenue by FY29/30. The company also approved a new borrowing limit of up to ₹1,000 crore and a small investment in Lloyds Advance Defence Systems Limited.

Risks to watch

Successful integration of SISCOL's operations and achieving the projected revenue growth targets are critical. The future listing of SISCOL within 30 months is a significant event for unlocking shareholder value.

Peer comparison

(No specific peer comparison data available in the filing.)

Context metrics (time-bound)

• Acquisition Cost: Rs. 635.40 crore for 52.16% of SISCOL.
• SISCOL FY26 Net Profit: Rs. 43.42 crore.
• SISCOL FY26 Projected Turnover: Rs. 816.87 crore.
• Revenue Target: Exceed Rs. 10,000 crore by FY29/30.
• EGM Date: July 15, 2026.

What to track next

Shareholder approval at the EGM, the progress of SISCOL's integration, and its eventual listing are key events for investors to monitor.