Latest news with #LEWL
Business Standard
7 days ago
- Business
- Business Standard
Lloyds Engg gains after subsidiary secures Rs 20-cr order
Lloyds Engineering Works (LEWL) shares rose 1.55% to Rs 70 after the company announced that its subsidiary, Techno Industries (TI), has secured an escalator and annual maintenance contract (AMC) order worth Rs 19.58 crore from Mumbai Railway Vikas Co 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.
Business Standard
7 days ago
- Business
- Business Standard
Techno Industries wins order of Rs 19.58 cr from Mumbai Railway Vikas Corporation
Lloyds Engineering Works (LEWL) announced that its 88%-owned subsidiary, Techno Industries (TI), has secured a Rs 19.58 crore order from Mumbai Railway Vikas Corporation. The contract covers the design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators. With this award, TI's confirmed order book now stands at Rs 82.86 crore. The Indian Railways sector offers vast and sustained growth opportunities, and this order serves as a significant entry point for TI to establish a strong, long-term presence in this high-potential Railway sector. The contract, secured outside Gujarat, also reflects the company's strategic focus on broadening its geographical footprint, scaling its escalator and AMC businesses, and tapping into India's expanding institutional infrastructure sector. This win marks early execution of LEWL's multi-pronged growth strategy for TIexpansion into tier-2/3 markets, diversification into industrial elevators, parking systems, and export markets, and scaling its motors and pumps verticals. Well positioned to capture the rising demand for elevators, escalators, motors, and pumps, TI is fully geared to meet this demand effectively, supported by strong market fundamentals and execution capabilities.
Business Upturn
19-05-2025
- Business
- Business Upturn
Lloyds Engineering secures Rs 15.39 crore project for Sharad Pawar Museum at Wankhede Stadium
By Aman Shukla Published on May 19, 2025, 10:36 IST Lloyds Engineering Works Limited (LEWL) has secured a contract from the Mumbai Cricket Association (MCA) to develop a cricket museum at Wankhede Stadium, Mumbai. The project, valued at Rs. 15.39 crores, is scheduled for completion within three months. This marks LEWL's expansion into the experiential infrastructure segment, moving beyond traditional construction to develop themed and interactive environments. The planned Sharad Pawar Museum will be located within Wankhede Stadium, a venue synonymous with Indian cricket history. The museum will present a curated narrative of Mumbai's longstanding connection with cricket and the significant contributions of the Mumbai Cricket Association to the sport at both national and international levels. Designed to be more than a static display, the museum will integrate a variety of interactive and educational features. Visitors will be able to explore a heritage gallery featuring historic memorabilia—such as trophies, photographs, jerseys, and personal belongings of Mumbai cricket legends. A Hall of Fame will recognize the achievements of players, coaches, and administrators associated with Mumbai cricket. Interactive zones will offer digital experiences including virtual reality batting simulators and holographic match replays, providing a modern and engaging way to relive key moments in cricket history. The museum will also include touchscreen displays that allow deeper exploration into data and stories from Mumbai cricket. A learning centre within the museum will support research and training activities, particularly for students, analysts, and aspiring cricketers. In addition, a multipurpose auditorium will host screenings, lectures, and cricket-themed events, making the space adaptable for various educational and cultural activities. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
07-05-2025
- Business
- Hans India
Lloyds Engineering registers 20 pc drop in Q4 net profit, revenue slips
Mumbai: Lloyds Engineering Works Limited (LEWL), formerly known as Lloyds Steels Industries Limited, on Wednesday reported a 20 per cent drop in its net profit for the fourth quarter (Q4) of FY25. The company posted a net profit of Rs 16.87 crore in Q4, down from Rs 21.13 crore in the previous quarter (Q3), according to its stock exchange filing. This decline in profitability came despite a fall of 10.75 per cent in total expenses. The company's total expenses stood at Rs 203. 29 crore in Q4, compared to Rs 227.77 crore in Q3. However, the drop in revenue and a sharp rise in specific cost heads weighed heavily on the bottom line. Revenue from operations declined 12.86 per cent to Rs 231.96 crore in Q4 from Rs 266.20 crore in the previous quarter. Total revenue, including other income, also fell by 13.5 per cent to Rs 238.72 crore in the last quarter of FY25 from Rs 276.01 crore in the previous quarter. Other income dropped by 30.92 per cent to Rs 6.77 crore from Rs 9. 8 crore. The company also faced a surge in employee benefits expenses, which increased by 11.79 per cent to Rs 17.18 crore in Q4 from Rs 15.37 crore in Q3. Manufacturing and other expenses jumped by 58.28 per cent to Rs 48.01 crore in Q4 from Rs 30.33 crore in the previous quarter. As a result, profit before tax also declined by 26.52 per cent to Rs 35.44 crore in Q4 from Rs 48.23 crore in Q3. Around 3.18 p.m., the shares of Lloyds Engineering Works Limited were trading flat at Rs 52.92, up by Rs 0.94 or 1.81 per cent on the National Stock Exchange (NSE) on Wednesday. Lloyds Engineering Works Limited is engaged in designing and manufacturing heavy equipment, machinery, and systems for key industries including oil and gas, power, steel, and nuclear sectors. It also undertakes turnkey and EPC (Engineering, Procurement, and Construction) projects across various industrial domains.
Business Standard
23-04-2025
- Business
- Business Standard
Lloyds Engineering jumps as investors cheer Rs 987 cr rights issue plan
Lloyds Engineering Works rose 3.88% to Rs 69.58 after the company said its board approved rights issue worth Rs 987.26 crore to power strategic expansion and long-term growth. The rights issue comprises 30.85 crore equity shares priced at Rs 32 each, with Rs 16 payable on application and the remaining amount to be paid in one or more calls on or before 31 March 2026. The issue will increase Lloyds Engineering Works (LEWL)'s paid-up share capital by 20.93% post-issue, and reflects the companys commitment to scaling its engineering operations and deepening its market presence. The record date for eligibility to receive rights entitlements has been set for 28 April 2025. Eligible shareholders will be entitled to 9 rights equity shares for every 34 fully paid-up shares held as on the record date. The rights issue will open on 15 May 2025, and close on 30 May 2025. Proceeds from the issue will be deployed across a series of forward-looking initiatives. This includes the refurbishment and modernization of the companys Murbad (Thane) manufacturing facility, the acquisition and upgrade of assets from Bhilai Engineering Corporation (BECL), and the expansion of Techno Industries, which LEWL acquired in FY25. Additional funds will bolster working capital to support a swelling order book and ensure smooth execution of complex turnkey projects. Some of the capital will also be allocated for general corporate purposes, aligned with LEWLs continuous growth agenda. The utilization of funds will be monitored by India Ratings, a monitoring agency appointed under SEBI (ICDR) Regulations, 2018, to ensure accountability and transparency. Lloyd Engineering Works is a complete customised Process plant equipment-providing company in India. It provides a complete engineering and infrastructure solutions package by designing engineering, manufacturing, fabrication and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil & gas, steel plants, power plants, nuclear plant boilers and turnkey projects. Various authorities like the Industrial Boiler Regulatory Authority, SGS UK, Petroleum and Explosives Safety Organisation, etc. have approved its facilities. The company's manufacturing facilities are located in Murbad, Thane and headquartered in Mumbai. Net profit of Lloyds Engineering Works rose 24.37% to Rs 33.68 crore while net sales rose 14.04% to Rs 229.72 crore in Q3 December 2024 over Q3 December 2023.
