8 months ago
Lloyds Engineering to Merge Infrastructure and Fabrication Arms
Lloyds Engineering Works Ltd is merging its infrastructure and fabrication companies into one big company.
This includes Lloyds Infrastructure & Construction Ltd, Metalfab Hightech Pvt Ltd, and Techno Industries Ltd.
The merger aims to make the company stronger by combining their work and making it easier to manage.
After the merger, the new company will have a lot of projects worth ₹6,150 crore.
This will help them grow and take on bigger projects.
The company's director said this is the best position they've ever been in to grow.
The share price of Lloyds Engineering Works Ltd was ₹56 on Monday, which is a tiny bit lower than before.
Lloyds Engineering Works Ltd's board approved the merger of its infrastructure and fabrication arms.
The merger aims to consolidate the group's businesses and improve operational efficiencies.
LICL reported an EBITDA margin of 16.2% and a profit after tax of nearly ₹100 crore in the six months ended September.
Metalfab Hightech reported an EBITDA margin of 21.65%, contributing to the group's operational efficiency.
The merged entity will have a combined order book of about ₹6,150 crore, offering long-term revenue visibility.
- Who
- Lloyds Engineering Works Ltd, Lloyds Infrastructure & Construction Ltd, Metalfab Hightech Pvt Ltd, Techno Industries Ltd
- What
- Merger of infrastructure and fabrication arms
- Where
- India
- When
- Board approval received; further details pending
- Why
- To consolidate businesses, improve efficiencies, and enable larger contracts
Key facts
- Companies Involved
- Lloyds Engineering Works Ltd, Lloyds Infrastructure & Construction Ltd, Metalfab Hightech Pvt Ltd, Techno Industries Ltd
- EBITDA Margin (LICL)
- 16.2%
- Profit After Tax (LICL)
- ₹100 crore (6 months ended September)
- EBITDA Margin (Metalfab Hightech)
- 21.65%
- Combined Order Book
- ₹6,150 crore
- Share Price (BSE)
- ₹56 (down 0.23%)
Quotes
Shree Krishna Gupta
Whole Time Director of Lloyds Engineering Works Ltd
“With a combined order book exceeding ₹6,100 crore and a unified balance sheet, we are now in our strongest position ever to deliver growth.”
CNBC TV 18
“The merger is aimed at building an integrated solutions platform rather than just scale.”
CNBC TV 18