Lloyds Engineering Works Limited has entered into a loan agreement with Tata Capital Limited for financial assistance amounting to ₹200 Crore. This funding is designated for the proposed acquisition of equity shares in Steel Infra Solutions Company Limited (SISCOL). The loan is secured, and the agreement was executed on August 13, 2026, marking a key step in the company’s strategic growth initiatives.
Strategic Financing for Acquisition
Lloyds Engineering Works Limited has secured a substantial financial package to fuel its strategic expansion plans. The company announced on August 13, 2026, that it has entered into a loan agreement with Tata Capital Limited. This facility provides the company with ₹200 Crore in financial assistance.
Acquisition of Steel Infra Solutions
The primary purpose of this loan is to finance the proposed acquisition of equity shares in Steel Infra Solutions Company Limited, referred to as the “Target Company” or “SISCOL”. The aggregate consideration for this acquisition is approximately ₹200 Crore. This move is expected to enhance Lloyds Engineering Works’ market position and operational capabilities.
Loan Details
The agreement with Tata Capital Limited is for a secured loan. The total amount of the loan taken is ₹200 Crore. As of the execution date, the total amount outstanding is nil, indicating the funds are being drawn for the transaction. The security provided for this loan includes a pledge of equity shares of Steel Infra Solutions Company Limited.
Source: BSE
