Lloyds Engg gains after subsidiary secures Rs 20-cr order
According to an exchange filing, the contract includes the design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators.
With this award, TIs confirmed order book now stands at Rs 82.86 crore. The Indian Railways sector offers vast and sustained growth opportunities, and this order represents a significant entry point for TI to establish a strong, long-term presence in this high-potential market.
The company said this win marks the early execution of LEWLs multi-pronged growth strategy for TI, which includes expansion into tier-2 and tier-3 markets, diversification into industrial elevators, parking systems, and export markets, as well as scaling its motors and pumps verticals. Well positioned to capture the rising demand for elevators, escalators, motors, and pumps, TI is fully equipped to meet this demand effectively, supported by strong market fundamentals and robust execution capabilities.
Lloyds Engineering Works (LEWL) provides a complete engineering and infrastructure solutions package by carrying out design, engineering, manufacturing, fabrication, and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil and gas, steel plant equipments, power plants, nuclear plant boilers and turnkey projects.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
11 minutes ago
- Economic Times
Ladli Behna Yojana instalment amount increased to Rs 1,500: How to check Ladli Behna Yojana instalment status
ET Online Ladli behena Yojana Ahead of the festive season, the Madhya Pradesh Chief Minister Mohan Yadav declared that the monthly assistance under the Ladli Behna Yojana will be increased to Rs 1,500 starting from the upcoming Bhai Dooj. He assured beneficiaries that this raise will continue consistently. The objective of the scheme is economic self-reliance of women, continuous improvement in their health and nutrition level and strengthening their role in family decisions. Has RBI directed banks to stop disbursing Rs 500 notes from ATMs by September 30, 2025? Here is what government said On August 7, 2025 CM Mohan Yadav transferred the 27th instalment of the Ladli Behna Yojana, Rs 1,250, along with Rs 250 as a Raksha bandhan gift, totaling Rs 1,500 per sister, to the accounts of over 1.26 crore sisters. How to check Ladli Behna Yojana instalment status? Step 1: Go to official website, Step 2: Click on the 'Application Status' or 'Payment Status' linkStep 3: Enter your application number or Samagra ID and registered mobile 4: An OTP will come on your mobile number, verify 5: After this, you will see the status of your payment. What is the eligibility criteria for beneficiaries under the scheme?All married women (including widows, divorced and deserted women) who are local residents of Madhya Pradesh and born after 01 January 1961 but till 01 January 2000 and do not fall in the category of ineligibility mentioned in the scheme will be eligible to apply in the year 2023. Is there any limit on family income under the scheme? Yes, women whose family's combined annual income is more than Rs 2.5 lakh will be ineligible under the scheme. Will I get the benefit of the scheme even if I am an income tax payer? No, if any member of the applicant's family is an income tax payer, then she will be ineligible under the scheme. Is an unmarried applicant eligible for the scheme? No, the scheme is only for married/divorced/widow/abandoned women. What is meant by an Aadhaar linked DBT enabled bank account? Aadhaar linked DBT enabled bank account means linking of bank account with Aadhaar of the applicant and transfer of amount to the bank account through Aadhaar number only. How can the applicant enable Aadhaar linked DBT of her bank account? After the applicant goes to her bank branch or the authorized kiosk of the said bank and fills the consent form for linking the bank account with Aadhaar and enabling DBT, her account is linked to Aadhaar and DBT is enabled after the banking e-KYC verification of the applicant by the bank branch or the authorized kiosk of the said bank. N.R. Narayana Murthy Founder, Infosys Watch Now Harsh Mariwala Chairman & Founder, Marico Watch Now Adar Poonawalla CEO, Serum Institute of India Watch Now Ronnie Screwvala Chairperson & Co-founder, upGrad Watch Now Puneet Dalmia Managing Director, Dalmia Bharat group Watch Now Martin Schwenk Former President & CEO, Mercedes-Benz, Thailand Watch Now Nadir Godrej Managing Director, of Godrej Industries Watch Now Manu Jain Former- Global Vice President, Xiaomi Watch Now Nithin Kamath Founder, CEO, Zerodha Watch Now Anil Agarwal Executive Chairman, Vedanta Resources Watch Now Dr. Prathap C. Reddy Founder Chairman, Apollo Hospitals Watch Now Vikram Kirloskar Former Vice Chairman, Toyota Kirloskar Motor Watch Now Kiran Mazumdar Shaw Executive Chairperson, Biocon Limited Watch Now Shashi Kiran Shetty Chairman of Allcargo Logistics, ECU Worldwide and Gati Ltd Watch Now Samir K Modi Managing Director, Modi Enterprises Watch Now R Gopalakrishnan Former Director Tata Sons, Former Vice Chairman, HUL Watch Now Sanjiv Mehta Former Chairman / CEO, Hindustan Unilever Watch Now Dr Ajai Chowdhry Co-Founder, HCL, Chairman EPIC Foundation, Author, Just Aspire Watch Now Shiv Khera Author, Business Consultant, Motivational Speaker Watch Now Nakul Anand Executive Director, ITC Limited Watch Now RS Sodhi Former MD, Amul & President, Indian Dairy Association Watch Now Anil Rai Gupta Managing Director & Chairman, Havells Watch Now Zia Mody Co-Founder & Managing Partner, AZB & Partners Watch Now Arundhati Bhattacharya Chairperson & CEO, Salesforce India Watch Now
Economic Times
11 minutes ago
- Economic Times
PG Electroplast shares plunge 23% after Q1 PAT drops YoY & QoQ. Near term headwinds seen
PG Electroplast stock slumped after weak Q1 profit, impacted by early monsoon and seasonal slowdown in Room AC sales, despite year-on-year revenue growth. PG Electroplast shares fell 23% after Q1 net profit dropped 20% YoY and 54% QoQ to ₹67 crore. Despite 14% YoY revenue growth, early monsoon hit seasonal AC sales. Management stays optimistic on long-term outlook. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of PG Electroplast ended with 23% cuts on Friday after the company reported a 20% year-on-year decline in its Q1 consolidated net profit at Rs 67 crore. The decline was even sharper on a sequential basis, plunging 54%.The company had reported a profit after tax (PAT) of Rs 84 crore in Q1FY25 and Rs 145 crore in Q4FY25 and the numbers are attributable to the owners of the company's revenue from operations increased 14% to 1,504 crore in the quarter under review while falling 21% on a sequential basis. The topline stood at Rs 1,321 crore in Q1FY25 and Rs 1,910 crore in Electronic Manufacturing Services (EMS) and plastic molding company attributed the PAT decline to the early arrival of the monsoon which impacted seasonal sales for Room ACs, making Q1 a more subdued start to the Gupta, Managing Director – Finance expects the near-term growth to likely moderate, he remains upbeat about the company's medium and long-term earnings were announced today during market hours and PG Electroplast shares today closed at Rs 567.35 on the NSE, eroding nearly Rs 170 per Read: SBI Q1 Results: Standalone PAT jumps 12% YoY to Rs 19,160 crore, beats Street estimates The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 139.42 crores versus Rs 134.54 crore in 1QFY25, recording a growth of 3.6%.The consolidated revenues crossed Rs 1,500 crores, with the product business contributing Rs 1,159. PGEL's 100% subsidiary, PG Technoplast, reported revenues of Rs 1,211 Product business contributed 77.1% of overall revenues, growing 16.7% YoY. Within this, room ACs grew 15.1% YoY, washing machines grew 36.1% YoY, and coolers declined marginally by 3.9% YoY.
New Indian Express
15 minutes ago
- New Indian Express
India faces tough choices amid US tariff pressure. What's ahead for New Delhi?
NEW DELHI: India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs. Prime Minister Narendra Modi, leader of the world's most populous nation and its fifth-biggest economy, must make some difficult decisions. US President Donald Trump has given longstanding ally India, one of the world's largest crude oil importers, three weeks to find alternative suppliers. Levies of 25 percent already in place will double to 50 percent if India doesn't strike a deal. For Trump, the August 27 deadline is a bid to strip Moscow of a key source of revenue for its military offensive in Ukraine. "It is a geopolitical ambush with a 21-day fuse", said Syed Akbaruddin, a former Indian diplomat to the United Nations, writing in the Times of India newspaper. How has India responded? New Delhi called Washington's move "unfair, unjustified and unreasonable", while Modi has appeared defiant. He has not spoken directly about Trump but said on Thursday "India will never compromise" on the interests of its farmers. Agriculture employs vast numbers of people in India and has been a key sticking point in trade negotiations. It all seems a far cry from India's early hopes for special tariff treatment after Trump said in February he had found a "special bond" with Modi. "The resilience of US-India relations... is now being tested more than at any other time over the last 20 years," said Michael Kugelman, from the Asia Pacific Foundation of Canada.
