ASI Industries Ltd. Acquires Stake in Lloyds Metals and Energy Ltd.
ASI Industries Ltd. announced on March 23, 2026, that it has acquired equity shares of Lloyds Metals and Energy Ltd. for investment purposes. The acquisition was completed on the same date.The company acquired 15,000 shares, increasing its total cumulative shareholding to 75,000 shares, representing 0.014% of the total shares outstanding. The total cost of the acquisition amounted to Rs. 1.78 Crores.
Lloyds Metals and Energy Ltd., incorporated on April 5, 1977, 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's business includes iron ore mining and Direct Reduced Iron (DRI) production, with plans for full steel production.
ASI Industries Ltd. stated that the acquisition was conducted at arm’s length and the shares were acquired through stock exchanges. The company intends to reap long-term and short-term investment benefits and does not intend to acquire control of the target entity’s management.
Financial Snapshot 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 History
| Financial Year | Turnover (Rs. Crore) |
|---|---|
| 2024-25 | 6721.40 |
| 2023-24 | 6524.65 |
| 2022-23 | 3392.31 |
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