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Lloyds Steels Industries’ board has approved the major capacity expansion to supplement the company’s Manufacturing Facilities at Murbad works on a plot of land of 8085 Sq. Mtr owned by the company. A Modern facility will be set up with heavy lifting capability to meet the critical demand for critical equipments for various industries. This facility will consist of automated equipment for Welding, Plate Cutting Forming & Machining critical components. This will help in lowering/reducing costs and carrying out larger jobs which will substantially improve profitability and turnover for the company.

The Shop Layout and workflow has been planned meticulously to eliminate any waiting time and increase capacity by 40%. The plant is expected to be operational by second quarter of next financial year. The total cost is expected to be within Rs 25 crore and will be funded internally. The Board of Directors of the company in the meeting held on October 14, 2021 have considered and approved the same.

Lloyds Steel is a reputed name in design and manufacturing of equipments for Oil & Gas, Process industry , Power and Marine sector since year 1974.

Lloyds Engr Works Share Price

55.84 2.58 (4.84%)
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