Lloyds Enterprises, via subsidiaries and an LLP, will acquire 88.12% of Steel Infra Solutions (SISCOL) for ₹1,073.40 crore. The deal aims to boost revenue and may lead to SISCOL's listing.

Lloyds Enterprises to Acquire Majority Stake in Steel Infra Solutions

Lloyds Enterprises Limited, along with its subsidiary Lloyds Engineering Works Limited (LEWL) and Streamland Estate LLP, is set to acquire an 88.12% stake in Steel Infra Solutions Company Limited (SISCOL) for ₹1,073.40 crore. The transaction is expected to be completed by July 31, 2026.

Reader Takeaway: Diversifies infrastructure business with a profitable acquisition; potential IPO for SISCOL.

What just happened

Lloyds Enterprises is acquiring a majority stake in Steel Infra Solutions Company Limited (SISCOL). The total consideration for the 88.12% stake is ₹1,073.40 crore. The deal involves multiple entities within the Lloyds group and is structured using cash and share swaps.

Lloyds Enterprises will acquire 17.98% for ₹219 crore cash.
LEWL will acquire 52.16% for ₹635.40 crore (cash and share swap).
Streamland Estate LLP will acquire 17.98% for ₹219 crore cash.

Why this matters

This acquisition significantly expands Lloyds Enterprises' presence in the heavy steel fabrication and infrastructure solutions sector. SISCOL reported a turnover of ₹816.87 crore and a net profit of ₹43.42 crore in FY 2025-26. The deal is expected to immediately enhance the group's consolidated revenue, profitability, and net worth. Furthermore, LEWL has committed to working towards filing a Draft Red Herring Prospectus (DRHP) for SISCOL's listing within 30 months of transaction completion, potentially unlocking value.

The backstory

SISCOL operates in the energy, industrial, and infrastructure segments with a production capacity of 100,000 MT per annum across six manufacturing facilities, including a new one in Hyderabad. The company owns 25 acres of land for expansion and has worked on projects like the Delhi Airport (Terminal 1) and Noida International Airport. The turnover has shown consistent growth, increasing from ₹573.49 crore in FY 2023-24 to ₹816.87 crore in FY 2025-26.

What changes now

The acquisition integrates SISCOL's substantial operational scale and facilities into the Lloyds group. This is expected to create synergies, boost financial metrics, and provide a platform for future growth. The planned listing of SISCOL will offer a route for independent valuation and capital raising.

Risks to watch

Investors should monitor the timely completion of the acquisition by the July 31, 2026 deadline. Integration challenges and the successful execution of the IPO roadmap for SISCOL are also key factors to observe.

Peer comparison

Companies operating in the heavy steel fabrication and infrastructure solutions sector include Larsen & Toubro, Kalpataru Power Transmission, and Skipper Limited. SISCOL's addition of 100,000 MT annual capacity and 25 acres of land provides a competitive edge.

Context metrics (time-bound)

SISCOL's turnover grew from ₹573.49 crore (FY 2023-24) to ₹816.87 crore (FY 2025-26). The acquisition is targeted for completion by July 31, 2026.

What to track next

Investors should track the progress of the acquisition completion, integration milestones, and any announcements regarding the DRHP filing for SISCOL's IPO.