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As on : 18-Aug-2026
Corporate News
18-Aug-2026     01:31

Lloyds Engineering Works acquires controlling stake in Steel Infra Solutions for 626.40 crore rupees

Lloyds Engineering Works has completed the acquisition of a controlling stake in Steel Infra Solutions, a heavy steel fabrication and infrastructure solutions provider, for a total consideration of approximately 626.40 crore rupees. The acquisition, structured with a combination of cash and share swap, will see Lloyds Engineering Works hold 51.13% of Steel Infra Solutions, making it a subsidiary. Lloyds Enterprises Limited and Streamland Estate LLP also participated in the acquisition, with Lloyds Enterprises Limited paying 219 crore rupees in cash. The move is intended to expand Lloyds Engineering’s capabilities, generate synergies, and potentially lead to a future listing of Steel Infra Solutions within three years. Steel Infra Solutions, incorporated in 2017, reported revenue of 816.87 crore rupees for the fiscal year 2025-26.

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