Lloyds Group Acquires 88% Stake in Steel Infra Solutions

Lloyds Enterprises Limited and its subsidiary, Lloyds Engineering Works Limited (LEWL), have announced a definitive agreement to acquire an 88.12% controlling stake in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of approximately ₹1,073.40 crore. The transaction, confirmed in regulatory filings on June 19, 2026, marks a major consolidation move within India’s infrastructure and engineering sector.

The acquisition will be executed through a combination of cash and share swaps involving Lloyds Engineering, its holding company Lloyds Enterprises, and Streamland Estate LLP. The deal values SISCOL, a leader in heavy steel fabrication and structural infrastructure solutions, at approximately ₹1,220 crore.

Strategic Consolidation of Engineering Capabilities

The acquisition is set to transform the Lloyds Group into an integrated powerhouse capable of end-to-end project delivery. By merging the structural design, fabrication, and erection expertise of SISCOL with Lloyds Engineering's existing strengths in heavy mechanical, hydraulic, and process equipment, the group aims to aggressively target large-scale projects in sectors such as airports, data centers, industrial parks, and urban infrastructure.

SISCOL, which has successfully executed over 187 projects across 22 states, brings a high-value portfolio to the group, including notable contributions to Delhi Airport’s Terminal 1, Noida International Airport, and the Dwarka Convention Centre.

Deal Structure and Market Impact

The transaction is structured to maximize operational synergies across procurement, project management, and manufacturing:

• Lloyds Engineering Works: Acquiring a 52.16% stake for ₹635.40 crore (via cash and share swap).

• Lloyds Enterprises Limited: Acquiring a 17.98% stake for ₹219 crore (cash).

• Streamland Estate LLP: Acquiring a 17.98% stake for ₹219 crore (cash).

The group plans to significantly scale SISCOL’s production capacity, with targets to expand its current fabrication capacity from 100,000 metric tonnes per annum (MTPA) to approximately 200,000 MTPA. This expansion is expected to position the combined entity as India’s largest structural steel fabrication platform.

Official Sources

In a formal filing with the National Stock Exchange (NSE), the company confirmed that the Board of Directors approved the Share Purchase, Share Subscription, and Shareholders' Agreement (SPSSSHA) on June 18, 2026. The transaction remains subject to customary closing conditions and shareholder approvals, with an Extraordinary General Meeting (EGM) scheduled for July 15, 2026.

Quote Section

"According to officials," this acquisition is intended to build a sustainable platform for the future rather than simply adding capacity. Organizers stated that the integration of SISCOL’s engineering talent with the group’s EPC strengths will enable the company to provide integrated design-to-delivery solutions across critical infrastructure sectors.

Why It Matters

For investors, the move signals a high-confidence bet on India’s multi-year infrastructure growth cycle. By verticalizing its supply chain, the Lloyds Group aims to reduce procurement costs and improve execution speed on complex civil and industrial projects. Furthermore, the management has indicated potential plans for a future listing of the SISCOL entity within 30 months, which could unlock additional value for shareholders.

Key Facts at a Glance

• Target Stake: 88.12% in Steel Infra Solutions Company (SISCOL).

• Transaction Value: ₹1,073.40 crore (Equity valuation of ~₹1,220 crore).

• Capacity Goal: Scaling fabrication from 100,000 MTPA to 200,000 MTPA.

• Completion Timeline: Expected by July 31, 2026.

• Strategic Goal: Creating an integrated engineering, fabrication, and EPC platform.

Frequently Asked Questions (FAQ)

What is the core business of Steel Infra Solutions?

SISCOL specializes in the design, engineering, fabrication, supply, and erection of complex structural steel solutions for industrial and commercial projects.

How is this acquisition being funded?

The transaction is funded through a mix of cash payments and a preferential issue of equity shares by Lloyds Engineering Works Limited.

What happens to SISCOL’s existing leadership?

SISCOL will continue to operate under its existing brand and leadership, with Ravi Uppal remaining as Chairman and Managing Director.

Source: National Stock Exchange (NSE), Lloyds Engineering Works Regulatory Filing, The Economic Times