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The aforementioned order is valued at Rs 20.67 crore.
'The aforesaid order in respect to Next Generation Missile Vessel, signify the company's proactive stance in capturing the increasing demand resulting from the government's heightened defence spending,” Lloyds Engineering said in a statement.
During the past 14 months, company has received orders for more than Rs 130 crore in defence sector, it added.
Shreekrishna Gupta, whole-time director at Lloyds Engineering Works, said: 'These prestigious orders are a testament to our consistent performance and engineering expertise.
In addition to providing strong financial value, these contracts introduce new clients to our portfolio, opening pathways for future collaborations and sustained revenue streams.'
Lloyds Engineering Works (LEWL) provides a complete engineering and infrastructure solutions package by carrying out design, engineering, manufacturing, fabrication, and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil and gas, steel plant equipments, power plants, nuclear plant boilers and turnkey projects.
The company had reported 20.14% drop in standalone net profit to Rs 16.88 crore on a 5.01% fall in revenue to Rs 178.49 crore in Q4 FY25 over Q4 FY24.
Lloyds Engineering Works announced the receipt of order for naval equipment from Cochin Shipyard. The order, valued at Rs 20.67 crore, encompass Fin stabilizer systems. The aforesaid order in respect to Next Generation Missile Vessel, signify the company's proactive stance in capturing the increasing demand resulting from the government's heightened defence spending. As new ship orders continue to rise, the order received by Lloyds Engineering serve as a promising beginning in leveraging the opportunities presented by this trend.
During the past 14 months, Company has received orders for more than Rs 130 crore in defence sector. These orders underscore Lloyds Engineering's unwavering commitment to innovation and excellence in the defence sector. They not only signify a substantial revenue boost but also represent the company's strategic shift towards emerging sectors, aligning perfectly with its vision for the future.
The acquisition of Metalfab Hightech is a strategic fit that compliments the company’s existing business, significantly enhancing its overall capacities, capabilities, and product portfolio.
Metalfab Hightech is engaged in heavy fabrication of equipment of steel, power and core industry, heavy industrial structures for all the core industry, railway bridges. The company’s turnover in FY 2024-25 was Rs. 159.07 crore.
Metalfab Hightech boasts a 24,000 MT per annum fabrication capacity, making it a key player in India’s growing infrastructure and industrial sectors.
The 16-acre facility in Hingna MIDC, Nagpur, has a covered area of 22,920 square meters, offering ample space for future expansion, paving the way for potential capacity enhancements and diversification into larger and more complex engineering projects.
Shreekrishna Gupta, whole-time director of Lloyds Engineering Works, said: “This acquisition marks a major leap in our journey, significantly expanding our execution capabilities in heavy engineering.
With Metalfab Hightech’s strong infrastructure and available land for future expansion, we are well- positioned to cater to the booming demand for high-quality fabricated structures. As industries in the region continue to grow, we see tremendous potential to scale up and deliver large-scale, complex projects across infrastructure, power, and renewable energy sectors.
This acquisition, along with the acquisition of Engineering Assets of Bhilai Engineering Corporation, a 77.00% majority stake in Techno Industries, and a 24.20% significant stake in Lloyds Infrastructure and Construction, marks a significant milestone, propelling the company on a high-growth trajectory in India’s evolving heavy engineering landscape.
The company is on its way to becoming a well-rounded technology- oriented engineering company.”
The scrip declined 1.62% to currently trade at Rs 50.81 on the BSE.