Lloyds Engineering Works Acquires SISCOL in Major Strategic Move to Create Integrated EPC Platform

Lloyds Engineering Works Acquires SISCOL in Major Strategic Move to Create Integrated EPC Platform​

Mumbai, June 18, 2026: Lloyds Engineering Works Limited (LEWL), a prominent engineering and EPC company, announced the acquisition of Steel Infra Solutions Company Limited (SISCOL), one of India's leading structural steel engineering and fabrication firms. This strategic move positions LEWL for a significant transformation from a specialized manufacturer to a fully integrated engineering, fabrication, and EPC platform capable of managing complex infrastructure projects across various sectors.

The acquisition involves LEWL, Lloyds Enterprises Limited, and Streamland Estate LLP acquiring up to 3,57,80,117 equity shares of SISCOL, which constitutes 88.12% of the Target Company's total outstanding equity share capital. The total consideration for this acquisition is approximately INR 1,073.40 Crores.

The purchase was structured across multiple entities and payment types:

• LEWL Acquisition: The Company acquired up to 2,11,80,117 equity shares (52.16%) through a combination of cash consideration and share swap for INR 635.40 Crores.
• Lloyds Enterprises Limited (HEL) Acquisition: HEL acquired up to 73,00,000 equity shares (17.98%) entirely in cash for INR 219 Crores.
• Streamland Estate LLP Acquisition: Streamland Estate LLP acquired up to 73,00,000 equity shares (17.98%) entirely in cash for INR 219 Crores.

The details of the share acquisition are provided below:


The transaction also included plans for future capital raises and share issuance. LEWL decided to issue up to 7,06,74,554 Equity Shares of face value Re. 1 at a Premium of Rs. 70.25 per share (aggregating up to INR 503.55 Crores) in a preferential allotment to selling shareholders of SISCOL for consideration other than cash, covering the acquisition of up to 41.34% of SISCOL's equity shares. Furthermore, the Board approved the issuance and allotment of up to 7,00,000 Equity Shares at the same premium level (aggregating up to INR 4,98.75 Lakh) for cash consideration directed towards raising additional capital from Non-Promoters.

Strategic Rationale and Operational Synergy​

The combination of LEWL and SISCOL is designed to create a comprehensive design-to-delivery solution. While SISCOL specializes in heavy steel fabrication and infrastructure solutions—serving the energy, infrastructure, and industrial segments—the acquisition allows LEWL to integrate this expertise with its existing EPC execution and manufacturing capabilities. This alignment means that the combined entity can offer clients an end-to-end service package for large-scale projects.

SISCOL has established itself as a significant player in structurally complex engineering. Since 2018, the company has executed 187 structural steel projects across 22 states. Its project portfolio includes landmark developments such as the Noida International Airport, Delhi Airport Terminal 1, Dwarka Convention Centre, and various international infrastructure projects.

"This acquisition is not simply about adding capacity; it is about building a platform for the future," stated ShreeKrishna Gupta, Executive Director of LEWL. "Combined with Lloyds Engineering's EPC strengths, manufacturing capabilities and growth platform, we believe we can create one of India's leading integrated engineering and infrastructure companies."

Financial Snapshot and Future Outlook​

SISCOL entered the transaction as a robust entity, reporting revenue of approximately ₹817 crore, EBITDA of approximately ₹92 crore, and profit after tax of approximately ₹44 crore for FY26. The company maintained a strong order book totaling approximately ₹1,134 crore.

The acquisition expands LEWL's operational footprint, leading to several capabilities:

• Structural fabrication capacity of approximately 150,000 MTPA, with plans to scale up to 200,000 MTPA.
• Possession of over 10 manufacturing facilities and 6 engineering and design centres.

Ravi Uppal, Chairman and Managing Director of SISCOL, commented that the move provides complementary strengths and significant business synergies. "Steel-based infrastructure and core industries growth are poised for double-digit growth for at least another two decades," he stated.

The Board also approved operational parameters including a borrowing limit from banks/financial institutions not exceeding Rs. 1000 Crore, and an investment in Lloyds Advance Defence Systems Limited (LADSL) up to Rs. 2.5 Crores.

LLOYDSENGG Stock Price Movement​

As of 3:02 PM, shares of Lloyds Engineering Works Limited are shedding value at live trading, currently measured at ₹84.36 after slipping 3.80% in the session. With over 51 million shares traded today, the equity remains closely monitored against its annual range and continues to approach its peak market performance.