Lloyds Engineering Works Acquires Controlling Stake in SISCOL, Aims to Create Integrated Infrastructure Giant

Lloyds Engineering Works Acquires Controlling Stake in SISCOL, Aims to Create Integrated Infrastructure Giant​

Lloyds Engineering Works Limited (LEWL), a fast-growing engineering and EPC company, has announced the acquisition of a controlling stake in Steel Infra Solutions Company Limited (SISCOL). The deal was executed at an equity valuation of approximately ₹ 1,220 Cr. This strategic move aims to consolidate the two entities into one of India's most integrated platforms for engineering, structural fabrication, and EPC services.

SISCOL, incorporated in 2017, is recognized as a leading provider of structural steel infrastructure solutions. The company focuses on the design, engineering, fabrication, supply, and erection of complex structural steel projects across India. Since its inception, SISCOL has successfully completed 187 structural steel projects spanning 22 states. Notable projects executed include the Delhi Airport Terminal 1, the Noida International Airport at Jewar, the Dwarka Convention Centre, the International Hockey Stadium at Rourkela, and the International Tech Park in Bengaluru.

The company's operational capabilities are supported by six fabrication facilities and four in-house engineering and design centers nationwide. SISCOL currently boasts a structural steel fabrication capacity of approximately 100,000 MTPA. For the Financial Year 2026 (FY26), SISCOL reported operating revenues of ₹ ~817 Cr, EBITDA of ₹ ~92 Cr, and PAT of ₹ ~44 Cr. The company holds an order book valued at approximately ₹ ~1,134 Cr.

LEWL is a diversified infrastructure solutions provider with established capabilities in industrial equipment, defence, electrical engineering, precision heavy structural fabrication, and EPC projects. Over the last seven years, LEWL has demonstrated remarkable growth, increasing its revenues from ₹~98 Cr in FY19 to over ₹3,000 Cr currently. The company's order book stands at over ₹8,000 Cr, backed by a market capitalization of approximately ₹~12,800 Cr.

The acquisition is financed through a combination of cash and equity. Following the completion of the transaction, LEWL will enable SISCOL to double its manufacturing capacity from 100,000 MTPA to 200,000 MTPA. This enhancement positions SISCOL as the largest structural steel fabrication company in India and significantly boosts the combined entity's ability to participate in large-scale infrastructure projects.

Operational synergies are anticipated across procurement, project management, engineering, manufacturing planning, and corporate functions. SISCOL will continue operating under its existing brand and leadership, with Ravi Uppal maintaining his role as Chairman and Managing Director, supported by the senior management team.

Shreekrishna Gupta, Executive Director of Lloyds Engineering Works Limited, commented on the move, stating, "This acquisition is not simply about adding capacity; it is about building a platform for the future. SISCOL brings outstanding engineering talent, structural design expertise and a proven execution track record that, combined with Lloyds Engineering's EPC strengths and manufacturing capabilities, allows us to create one of India's leading integrated engineering and infrastructure companies."

Ravi Uppal, Chairman and Managing Director of Steel Infra Solutions Company Limited, added, "We at SISCOL are truly excited to become a part of the Lloyds Group as both companies have complementary strengths and huge business synergies which will give access to new business opportunities. Steel based infrastructure and core industries are poised for a double-digit growth for at least another two decades."

Prime Securities Limited served as the exclusive Investment Banker for this transaction. N Jayakumar, Group CEO & MD of Prime Securities Limited, stated that the consolidation is strategic within the infrastructure space and "this should create significant value for both sets of shareholders," positioning Prime to pursue further consolidations in related areas.

PRIMESECU Stock Price Movement​

Prime Securities Limited closed today, slipping by 0.39% to settle at ₹292.4 after trading in the post-market session. The stock saw a notable move during the day, trading between a low of ₹288.6 and a high of ₹301.95, with 12,897 shares traded.