ASI Industries Ltd. Acquires Stake in Lloyds Metals and Energy Ltd.
ASI Industries Ltd. announced the acquisition of equity shares in Lloyds Metals and Energy Ltd. for investment purposes. The acquisition was completed on March 16, 2026.ASI Industries Ltd. acquired 30,000 shares, representing 0.006% of the shareholding in Lloyds Metals and Energy Ltd. The total cost of the acquisition amounted to Rs. 3.38 Crores, paid via cash consideration.
Lloyds Metals & Energy Ltd. operates in the Steel and Mining Sector. As of March 31, 2025, the company reported a turnover of Rs. 6721.40 Crore, a profit after tax of Rs. 1450.95 Crore, and a net worth of Rs. 6403.08 Crore. The company was established on April 5, 1977, and is a prominent Indian enterprise in the steel and mining sector, involved in iron ore mining to Direct Reduced Iron (DRI) production.
The acquisition was made at arm’s length and does not involve ASI Industries Ltd. acquiring control of the management of Lloyds Metals and Energy Ltd. The shares were acquired through the stock exchange with the intention of reaping long-term/short-term investment benefits.
Financial Summary of Lloyds Metals and Energy Ltd. (as of March 31, 2025)
| Metric | Value (Rs. Crore) |
|---|---|
| Turnover (Standalone) | 6721.40 |
| Profit After Tax | 1450.95 |
| Net Worth | 6403.08 |
Turnover Trend (Previous Three Years)
| Financial Year | Turnover (Rs. Crore) |
|---|---|
| 2024-25 | 6721.40 |
| 2023-24 | 6524.65 |
| 2022-23 | 3392.31 |
Source:
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