Lloyds Engineering Works to acquire stake in Steel Infra Solutions Company

Lloyds Engineering Works Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 539992 | NSE: LLOYDSENGG

18 Jun 2026 Evaluate

Lloyds Engineering Works (LEWL) is all set to acquire stake in Steel Infra Solutions Company (SISCOL), among India's leading structural steel engineering and fabrication companies. The acquisition marks a significant milestone in LEWL's transformation from a specialist engineering manufacturer into a fully integrated engineering, fabrication and EPC platform capable of delivering complex projects across industrial infrastructure, transportation, urban development, energy and large commercial construction. The combination brings together LEWL's engineering, manufacturing and EPC execution strengths with SISCOL's proven expertise in structural steel design, fabrication and erection, creating a platform capable of delivering large-scale projects end-to-end under a single umbrella.

A Share Purchase, Share Subscription and Shareholders’ Agreement (SPSSSHA) dated June 18, 2026 has been entered between the company, Lloyds Enterprises (the holding company of the Company), Streamland Estate LLP, Steel Infra Solutions Company (SISCOL, Target Company) and shareholders of SISCOL. Pursuant to the SPSSSHA, the company, Lloyds Enterprises and Streamland Estate LLP have agreed to acquire, in aggregate, upto 3,57,80,117 equity shares of the Target Company, constituting 88.12% of the total outstanding equity share capital of the Target Company, for the total consideration of about Rs 1,073.40 crore.

The transaction implies an equity valuation for SISCOL of approximately Rs 1,220 crore. The total consideration for the acquisition is approximately Rs 1,073 crore, funded through a combination of cash and equity, with Lloyds Engineering Works leading the acquisition with a majority economic interest and contributing over 50% of the overall consideration.

The acquisition shall be undertaken as follows: a. Acquisition of upto 2,11,80,117 equity shares, constituting 52.16% of the total outstanding equity share capital of the Target Company, by the Company partly through cash and partly through share swap (i.e. non-cash consideration basis), for the total consideration of about Rs 635.40 crore; b. Acquisition of upto 73,00,000 equity shares, constituting 17.98% of the total outstanding equity share capital of the Target Company, by Lloyds Enterprises through cash, for the total consideration of about Rs 219 crore; and c. Acquisition of upto 73,00,000 equity shares, constituting 17.98% of the total outstanding equity share capital of the Target Company, by Streamland Estate LLP through cash, for the total consideration of about Rs 219 crore.

Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

Lloyds Engr Works Share Price

86.80 2.03 (2.39%)

19-Jun-2026 16:59 View Price Chart

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