Lloyds Engineering Works completes a ₹504 crore equity issue to bolster its structural steel and defence sectors, acquiring a controlling stake in SISCOL and signing a key technology transfer deal with Italy’s Alpar Ingegneria.
Lloyds Engineering Works has completed a large equity issue that will help fund its expansion into structural steel fabrication and defence manufacturing, while also tightening its control over Steel Infra Solutions Company Limited, or SISCOL. The company’s committee approved the allotment of 7.07 crore shares at ₹71.25 each, raising about ₹504.04 crore in total. Most of the issue, worth ₹499.05 crore, was allotted as part of the consideration for the SISCOL transaction, with a smaller tranche issued for cash to Prime Securities Limited.
The move follows shareholder approval at an extraordinary general meeting on July 15, 2026, according to market disclosures cited by several stock-market news outlets. Those reports said the transaction was structured to give Lloyds Engineering a controlling stake in SISCOL and to build an integrated engineering platform with greater fabrication capacity. One report said the planned deal was aimed at creating structural fabrication capacity of 150,000 MTPA, underscoring the scale of the company’s industrial push.
At the same time, Lloyds Advance Defence Systems Limited, a material subsidiary, has signed a technology transfer agreement with Italy’s Alpar Ingegneria S.R.L. The company said the pact covers licensed manufacturing and the supply of advanced product prototypes, strengthening its ambitions in the defence sector. Taken together, the two moves point to a broader strategy: using share-based funding to conserve cash while adding manufacturing depth in infrastructure and higher-margin defence work.
The capital increase has lifted Lloyds Engineering’s paid-up equity capital to ₹154.95 crore from ₹147.88 crore, while the number of outstanding shares has risen to 155.10 crore from 148.03 crore. The company is also coming off a strong first quarter, reporting on August 6, 2026, that revenue and profit rose sharply year on year, with its consolidated order book standing at ₹8,856.9 crore at the end of June. That backlog gives the company room to absorb dilution, even as investors weigh integration risk at SISCOL and the challenge of turning the defence partnership into commercial output.
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