Lloyds Engineering Works Limited announced the acquisition of 51.13% of the total outstanding equity share capital of Steel Infra Solutions Company Limited (SISCOL) for a total consideration of INR 626,39,61,300/-. The transaction, which was consummated on August 17, 2026, makes SISCOL a subsidiary of Lloyds Engineering Works. This strategic move aims to diversify the company’s engineering platform and expand its capabilities in heavy steel fabrication and infrastructure solutions.
Lloyds Engineering Acquires Majority Stake in SISCOL
Lloyds Engineering Works Limited has successfully acquired a controlling stake of 51.13% in Steel Infra Solutions Company Limited (SISCOL). The acquisition was finalized on August 17, 2026, for a total consideration of INR 626,39,61,300/-. This strategic move positions SISCOL as a subsidiary of Lloyds Engineering Works, marking a significant expansion of the company’s business operations.
Deal Rationale and Synergies
The acquisition is in line with Lloyds Engineering Works’ strategy to build a diversified, multi-disciplinary engineering platform. SISCOL’s heavy steel fabrication and infrastructure solutions business is complementary to the existing portfolio of Lloyds Engineering Works, encompassing heavy mechanical, hydraulic, structural, and process equipment. The integration is expected to create operating synergies through consolidated procurement, shared engineering resources, optimized manufacturing utilization, and rationalized overheads.
Furthermore, the combined entity anticipates strengthening its order book and customer offering, enabling it to bid for larger, more integrated projects on a turnkey or EPC basis. The company also plans to explore the possibility of listing SISCOL within 30 months of the transaction’s completion to facilitate independent price discovery and enhance shareholder value.
Transaction Details
The acquisition involved various entities. Lloyds Engineering Works Limited acquired 2,08,79,871 equity shares of SISCOL, constituting 51.13% of its equity capital. This was financed through a combination of cash and share swap. Lloyds Enterprises Limited, the holding company, acquired 73,00,000 equity shares (17.88%) through cash consideration. Additionally, Streamland Estate LLP acquired 73,00,000 equity shares (17.88%) also through cash.
The total cash consideration paid by Lloyds Engineering Works for its stake was INR 127,34,35,200/- for 42,44,784 shares. The non-cash component involved the issuance of 7,00,42,458 equity shares at a price of INR 71.25 per share, representing 40.74% of SISCOL’s equity capital, for a consideration of up to INR 499,05,26,100/-.
Financial Highlights of Target Company
For the financial year ended March 2026, Steel Infra Solutions Company Limited reported a turnover of INR 816.87 Crores and a net profit of INR 43.42 Crores. The company’s authorized share capital is INR 65,00,00,000, with a total issued, paid-up, and subscribed share capital of INR 40,83,34,320.
Source: BSE
