Lloyds Engineering Works (LEWL), a major Indian heavy engineering company, has approved the strategic merger of three group entities, Lloyds Infrastructure & Construction (LICL), Metalfab Hightech and Techno Industries into Lloyds Engineering Works.
The proposed merger is aimed at consolidating the group’s infrastructure, engineering and fabrication businesses under a single listed entity. The scheme is expected to simplify the corporate structure and improve operational and administrative efficiencies.
To facilitate this merger, LEWL will issue approximately 38.1 crore new shares to the shareholders of the merging entities. Consequently, the company’s total equity base will expand to 185.52 crore shares, up from the pre-merger base of 147.42 crore shares. This expanded equity base is inclusive of partly paid shares, which are slated to be converted into fully paid shares over time.
Post-merger, B Prabhakaran and Family & along with his controlled entities, will hold a significant stake of 21.03% in the expanded LEWL entity.
Shree Krishna Gupta, Whole Time Director of Lloyds Engineering Works, said, “This merger is not just about size; it is about synergy. By bringing Lloyds Infra, Metalfab, and Techno Industries under one banner, we are eliminating silos. We are no longer just a manufacturer or just an EPC contractor—we are a complete solutions partner. We are integrating the ‘Design’ capabilities of Lloyds Consulting Engineers, the ‘Manufacturing’ precision of LEWL, Techno and Metalfab, and the ‘Execution’ might of Lloyds Infra. With a combined order book exceeding ₹6,100 crore and a unified balance sheet, we are now in our strongest position ever to deliver stupendous growth and realize our target of 4x revenue growth in FY25.”
