About Lloyds Engineering Works Limited

Lloyds Engineering Works Limited (formerly Lloyds Steels Industries Limited) is an Indian engineering company providing end-to-end solutions from design and manufacturing to installation and commissioning across sectors such as oil and gas, fertilizers, chemicals, ports, infrastructure, and defence as of FY 2024-25. The company upgraded its manufacturing infrastructure, modernised Shops A, B, and C, and augmented machinery and manpower to improve capacity and execution speed in FY 2024-25. It migrated to SAP HANA with AutoCAD Bill of Materials integration, implemented MS Project for scheduling, and enhanced engineering design through advanced simulation tools, strengthening delivery quality and timelines. Operating primarily from India with growing export initiatives, the company began receiving regular international enquiries and is building exports in Southeast Asia, the Middle East, and Africa through technology alliances and localized execution. As on March 31, 2025, the company reported 1 Indian subsidiary and 1 Indian associate; subsequent events in May 2025 increased subsidiaries through acquisition, as noted in Latest Updates. Key milestones in FY 2024-25 include the strategic partnership with TB Global Technologies Ltd., Japan for marine loading arms and the entry into electrical engineering through acquisition of Techno Industries Private Limited.

Lloyds Engineering Works Limited Business Segment

• Marine Loading Arms: The business designs and manufactures marine, truck, and wagon loading arms with articulated joints, ERS, vapor recovery, and precision swivel joints; over 70% of the product is indigenised, positioning the company as a Class 1 supplier with in-house testing at Murbad and a technical alliance with TB Global Technologies Ltd., Japan. The segment serves refineries, fertilizer plants, and chemical terminals and targets growth domestically via port modernization and internationally across Southeast Asia, the Middle East, and Africa.

• Order Book Trend: The company discloses evolving order book snapshots across segments within FY 2023 to FY 2025, reflecting scaled execution capacity from infrastructure revamps and digitisation; marine loading arms had an order book of Rs 8.09 crore as on March 31, 2025, compared to Rs 7.30 crore on March 31, 2024 and Rs 8.54 crore on March 31, 2023.

• Execution Capabilities: End-to-end project execution from design to commissioning, customisation by fluid properties, and rigorous yard testing under simulated conditions underpin reliability and safety in high-spec equipment markets.

Lloyds Engineering Works Limited Key Management

• Mukesh Rajnarayan Gupta — Chairman and Whole-time Director.

• Shreekrishna Mukesh Gupta — Whole Time Director.

• Key Managerial Personnel disclosed: Mr. Kalpesh Agrawal and Ms. Rahima Shaikh (remuneration table indicates KMP status).

Latest Updates on Lloyds Engineering Works Limited

• MoU to acquire the Engineering Division of Bhilai Engineering Corporation Ltd. announced on October 10, 2024, to expand engineering capabilities and business reach.

• Agreement with Fincantieri S.p.A. on November 27, 2024, to jointly manufacture products for the Indian Navy and Coast Guard, adding capabilities in ship repairs, conversions, systems, naval interiors, and marine infrastructure.

• Acquisition of 77% stake in Techno Industries Private Limited on October 15, 2024, marking strategic entry into electrical engineering and opening a B2C window; TIPL revenue was Rs 168.00 crore in FY 2023-24 with expectations to grow multifold post-acquisition (company statement).

• Additional 12.25% stake acquired in Lloyds Infrastructure and Construction Limited on January 30, 2025, taking total to 24.50% at that time, making LICL an associate; LICL executes pellet plants, grinding, slurry pipelines, beneficiation, roads, and civil/building projects via integrated EPC lifecycle.

• Acquisition of 21,85,000 equity shares (76.00%) in Metalfab Hightech Private Limited on May 20, 2025, for Rs 28.41 crore (Rs 130 per share), strengthening heavy fabrication and equipment manufacturing; Metalfab became a material subsidiary from that date.

• Marine Loading Arms: Strategic partnership with TB Global Technologies Ltd., Japan; deployment across refineries, fertilizers, and chemicals; expanding exports to Southeast Asia, the Middle East, and Africa; 70%+ indigenisation achieved.

• Digital and Capacity Upgrades: Migration to SAP HANA with AutoCAD BOM, MS Project adoption, shop modernisation, and manpower augmentation to improve execution.