Date: 19th June, 2026

Acquisition Details

Lloyds Enterprises Limited (LEL) has entered into a definitive agreement to acquire a 17.98% stake in Steel Infra Solutions Company Limited (SISCOL), one of India's largest structural steel fabricators.

Transaction Consideration and Valuation

  • Total equity valuation for SISCOL: Approximately ₹1,220 crores
  • Total acquisition consideration: Approximately ₹1,073 crores
  • LEL's contribution: Approximately ₹219 crores (representing ~18% of total consideration)
  • Post-acquisition Lloyds Group stake in SISCOL: Approximately 88% (consolidating previous LEWL acquisition of 52.16% stake)

SISCOL Business Profile

  • Full-stack structural steel solutions covering design, engineering, fabrication and erection
  • Executed 187 fabrication projects across 22 states since 2018
  • Marquee projects include: Delhi Airport T1 terminal, Noida International Airport, Dwarka Convention Centre, International Hockey Stadium Rourkela, International Tech Park Bengaluru, multiple railway and road bridges, data centers, LPG extraction plant in Algeria, 40-storey di-grid government office building at Amaravati (under execution), Chalet Hotel Mumbai (under execution)
  • Blue-chip client base including L&T, Shapoorji Pallonji, Tata Projects, Adani Power, KEC International, Jindal Stainless, DP World

Management and Operations

  • Chairman and Managing Director: Ravi Uppal (alumnus of IIT Delhi and IIM Ahmedabad, Advanced Management Program from Wharton School, previously Managing Director of Jindal Steel & Power, ABB India and Volvo Group India, Whole Time Director at L&T)
  • SISCOL will continue to operate under existing legal entity, brand identity and leadership team post-acquisition
  • Four design offices and six engineering offices in Bengaluru, Chennai, Hyderabad and Bhilai
  • Six manufacturing units across Bhilai, Vadodara and Hyderabad
  • Cumulative manufacturing capacity: 100,000 MTPA

Financial Performance (FY26)

  • Revenue: Approximately ₹817 crore
  • EBITDA: Approximately ₹92 crore
  • Profit After Tax: Approximately ₹44 crore
  • Order book: Approximately ₹1,134 crore

Strategic Rationale

  • Acquisition adds heavy structural fabrication capability to LEWL (LEL's Material Subsidiary)
  • Enhances scale and reach of combined business
  • Provides design capability that enables engineering complex structures end-to-end
  • Offers control over quality, cost and delivery
  • Ensures continuity for customers, employees and business partners through existing management structure

Corporate Governance

  • Announcement made pursuant to Outcome of the meeting of the Board of Directors dated 18th June, 2026
  • Signed by Pranjal Pramod Mahapure, Company Secretary & Compliance Officer (ACS 69408)
  • Document includes Safe Harbor Statement regarding forward-looking statements