Latest news with #LloydsEngineeringWorksLtd
Business Upturn
20-05-2025
- Business
- Business Upturn
Lloyds Engineering acquires 76% stake in Metalfab Hightech for Rs 28.4 crore
Lloyds Engineering Works Ltd (formerly Lloyds Steels Industries) has entered into a definitive agreement to acquire a 76% stake in Metalfab Hightech Private Limited for a cash consideration of Rs 28.4 crore. The acquisition involves the purchase of 21.85 lakh equity shares at Rs 130 each. The move is a strategic expansion into the heavy fabrication and equipment manufacturing sector. Metalfab Hightech, based in Nagpur, boasts a fabrication capacity of 24,000 MT per annum and a 16-acre facility, equipped with advanced CNC machining, welding infrastructure, and crane systems capable of handling single pieces up to 60 MT. This acquisition significantly strengthens Lloyds Engineering's execution capabilities across key industrial segments including power, infrastructure, and railways. It also complements Lloyds' previous growth initiatives such as the acquisition of Techno Industries, engineering assets from Bhilai Engineering Corporation, and a strategic stake in Lloyds Infrastructure and Construction Ltd. As per the official release, Metalfab's revenue has grown substantially over the past three years—from Rs 35.4 crore in FY23 to Rs 159.1 crore in FY25—underscoring its potential as a high-value addition to Lloyds Engineering's portfolio. The transaction is expected to be completed by May 31, 2025. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
28-04-2025
- Business
- Business Standard
Tejas Networks Ltd leads losers in 'A' group
Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Tejas Networks Ltd lost 12.43% to Rs 753 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 9.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month. Avantel Ltd crashed 9.43% to Rs 117.15. The stock was the second biggest loser in 'A' the BSE, 7.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Lloyds Engineering Works Ltd tumbled 5.82% to Rs 59.6. The stock was the third biggest loser in 'A' the BSE, 17.77 lakh shares were traded on the counter so far as against the average daily volumes of 7.11 lakh shares in the past one month. Shriram Finance Ltd dropped 5.77% to Rs 617.85. The stock was the fourth biggest loser in 'A' the BSE, 12.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past one month. Ramkrishna Forgings Ltd shed 5.52% to Rs 620. The stock was the fifth biggest loser in 'A' the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 64342 shares in the past one month.
