- Business
- Lloyds Engineering Works Limited, formerly Lloyds Steels Industries Limited, designs, engineers, manufactures, fabricates, supplies, erects and commissions heavy mechanical, hydraulic, structural, process plant, metallurgical and chemical plant equipment including marine loading and unloading arms, truck and wagon loading and unloading arms, columns, pressure vessels, dryers, boilers, power plant and steel plant equipment; it also executes turnkey projects and engineering, procurement and construction contracts for the hydrocarbon, oil and gas, steel, power, nuclear, marine, ports, jetty and refinery sectors. Founded in 1974 and headquartered in Mumbai, India, with a primary manufacturing facility in Murbad, Thane district, Maharashtra, the company operates primarily in India and holds certifications including ISO 9001:2015, ISO 45001:2018 and ASME U-stamp while serving as an approved vendor for international consultants such as Thyssenkrupp, Tecnimont, EIL, Linde and SMS Group. Recent developments include its name change in July 2023, a rights issue in fiscal 2024-25, acquisition of a 76% stake in Metalfab Hightech Private Limited for Rs 28.40 crore in May 2025, approval to acquire 13,75,000 shares in Techno Industries Private Limited, formation of a joint venture with subsidiary Techno Industries Private Limited named Techno-Lloyds in November 2025 to bid on government elevator and escalator tenders, an MoU to acquire the engineering division of Bhilai Engineering Corporation expanding into metallurgy, mining, railways, naval equipment and defence, selection as a consortium partner with Primetals Technologies India for a Rs 613 crore contract, and a partnership with FlyFocus to enter the defence sector in October 2025.