Lloyds Engineering to Acquire 88% Stake in Steel Infra Solutions; Deal Valued at Approx. ₹1,100 Crore
Lloyds Engineering Works Limited (LEWL) has announced the acquisition of an 88.12% stake in Steel Infra Solutions Company Limited (SISCOL). The company has signed a Share Purchase, Share Subscription, and Shareholders’ Agreement (SPSSSHA) for this acquisition. The total value of the deal is approximately ₹1,073.40 crore. The company states that this acquisition will help it establish a strong and integrated platform in the engineering, structural fabrication, and EPC (Engineering, Procurement, and Construction) sectors.
Details of the Deal
According to the information provided by the company to the stock exchanges, under this acquisition, Lloyds Engineering, its holding company Lloyds Enterprises Limited, and Streamland Estate LLP will collectively purchase over 3.57 crore equity shares of SISCOL, representing 88.12% of the company’s total share capital. Of this, Lloyds Engineering will acquire 2.11 crore shares (a 52.16% stake), while Lloyds Enterprises and Streamland Estate LLP will each acquire 73 lakh shares (a 17.98% stake).
The acquisition will be funded through a combination of cash and a share swap. Lloyds Engineering will pay approximately ₹131.85 crore in cash, while issuing up to 7.06 crore new equity shares for the remainder of the stake. The issue price for these shares has been set at ₹71.25 per share. Additionally, Lloyds Enterprises and Streamland Estate LLP will each invest ₹219 crore in cash. What SISCOL Does
SISCOL operates in the field of heavy steel fabrication and infrastructure solutions, serving clients across the energy, infrastructure, and industrial sectors. In the 2025-26 fiscal year, the company recorded a turnover of ₹816.87 crore and a net profit of ₹43.42 crore. It possesses six manufacturing units with a combined production capacity of 100,000 metric tonnes per annum. Additionally, the company has contributed to projects such as Terminal-1 of Delhi Airport, ITPL Bengaluru, and Noida International Airport.
Lloyds Engineering believes that this acquisition will expand its product range, enhance operational capabilities, and enable the company to bid more effectively for large EPC and turnkey projects. The company has also stated that it will endeavor to file the Draft Red Herring Prospectus (DRHP) for SISCOL’s listing within the next 30 months.
