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19th June, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, 1st Floor, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001 Bandra (East), Mumbai - 400 051
BSE Scrip Code: 512463 NSE Symbol: LLOYDSENT
Sub: Lloyds Enterprises Limited announces Acquisition of Equity Shares of Steel Infra Solutions
Company Limited.
Dear Sir/Madam,
Pursuant to our Outcome of the meeting of the Board of Directors of the Company dated 18th June,
2026, we would like to inform you that the Company hereby release its update on acquisition of Equity
Shares of Steel Infra Solutions Company Limited.
In line with the above, please find attached herewith additional details pertaining to the same.
The same is also available on the Company’s website at www.lloydsenterprises.in.
We request you to take the same on record.
Thanking you,
Yours faithfully,
For Lloyds Enterprises Limited
Pranjal Mahapure
Company Secretary & Compliance Officer
ACS 69408
Encl: as above
LLOYDS ENTERPRISES LIMITED
Registered Address: A-2, 2nd Floor, Madhu Industrial Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai – 400013
Tel: 022 - 6291 8111 Email: lloydsenterprises@lloyds.in www.lloydsenterprises.in
(CIN) L27100MH1986PLC041252
Lloyds Enterprises Limited to acquire 17.98% stake in Steel Infra Solutions
Company Limited (SISCOL), one of India's largest structural steel
fabricators
Adding heavy structural fabrication that takes the combined business of LEWL (LEL’s Material
Subsidiary) to a new level of scale and reach
Acquisition strengthens group holding further in SISCOL, with LEWL acquired 52.16% stake.
Mumbai, 18th June 2026 : Lloyds Enterprises Limited (LEL) today announced a definitive agreement
to acquire 17.98% stake in Steel Infra Solutions Company Limited (SISCOL).
Brief Profile of SISCOL
● A full-stack offering. SISCOL covers design, engineering, fabrication and erection end
to end. In structural steel, design capability is what separates a fabricator that simply
makes to drawing from one that can engineer complex structures end to end. This is one
of the most valuable parts of the transaction and gives the combined entity real control
over quality, cost and delivery.
● A proven track record: Since 2018, SISCOL has executed 187 fabrication projects
across 22 states, and is among the best in the business at heavy, technically demanding
work. Marquee projects include:
- Delhi Airport T1 terminal
- Noida International Airport, Jewar
- Dwarka Convention Centre, New Delhi
- International Hockey Stadium, Rourkela
- International Tech Park, Bengaluru
- Multiple railway and road bridges
- Data centres across the country
- LPG extraction plant, Algeria
- 40-storey di-grid government office building at Amaravati, Andhra Pradesh (under
execution,)
- Chalet Hotel, Mumbai, a multi-storey hospitality build (under execution)
● A blue-chip client base. SISCOL has built long-standing relationships with India's
leading EPC and PMC companies, including: L&T, Shapoorji Pallonji, Tata Projects,
Adani Power, KEC International, Jindal Stainless, DP World etc.
LLOYDS ENTERPRISES LIMITED
Registered Address: A-2, 2nd Floor, Madhu Industrial Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai – 400013
Tel: 022 - 6291 8111 Email: lloydsenterprises@lloyds.in www.lloydsenterprises.in
(CIN) L27100MH1986PLC041252
Built by an industry veteran
SISCOL has been built by Ravi Uppal, its Chairman and Managing Director, who brings over four
decades of leadership across engineering and infrastructure. Under his leadership, SISCOL has
evolved into a high-quality engineering platform in a relatively short span, and his continued
association is expected to add considerable value to the combined business.
An alumnus of IIT Delhi and IIM Ahmedabad, with an Advanced Management Program from the
Wharton School, Mr. Uppal has previously served as Managing Director of Jindal Steel & Power, ABB
India and Volvo Group India, and as Whole Time Director at L&T.
Importantly, SISCOL will continue to operate under its existing legal entity, brand identity and
leadership team following the acquisition. Ravi Uppal will continue as Chairman and Managing
Director, supported by the existing senior management team, ensuring continuity for customers,
employees and business partners.
Capacities
A central part of what SISCOL brings is its in-house design and engineering strength. The company
runs four design offices and six engineering offices in Bengaluru, Chennai, Hyderabad and Bhilai, set
up as Centres of Excellence, supported by a team of highly qualified and skilled engineers.
SISCOL operates six manufacturing units across Bhilai, Vadodara and Hyderabad with 100,000
MTPA of cumulative capacity.
Consideration
The transaction implies an equity valuation for SISCOL of approximately ₹1,220 crores. The total
consideration for the acquisition is approximately ₹1,073 crores, from which Lloyds Enterprises
Limited is contributing ~₹219 crores (~18%), with the overall Lloyds Group stake consolidating at
For FY26, the company reported revenue of approximately ₹817 crore, EBITDA of approximately ₹92
crore and profit after tax of approximately ₹44 crore. The business also has a robust order book of
approximately ₹1,134 crore, providing strong near-term revenue visibility.
LEL following its investment philosophy has added yet another strategic investment which will add
significant value to all the stakeholders.
LLOYDS ENTERPRISES LIMITED
Registered Address: A-2, 2nd Floor, Madhu Industrial Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai – 400013
Tel: 022 - 6291 8111 Email: lloydsenterprises@lloyds.in www.lloydsenterprises.in
(CIN) L27100MH1986PLC041252
For more information, please contact:
LLOYDS ENTERPRISES LIMITED
Tel Nos.: - +91-9892183389
Email: lloyds_ir@lloyds.in
Safe Harbor Statement
This press release contains forward-looking statements relating to the business, financial
performance, and operational outlook of Lloyds Enterprises Limited and its subsidiaries. These
statements are based on current expectations, assumptions, and projections about future events,
and are subject to known and unknown risks and uncertainties that could cause actual results to
differ materially. Readers are cautioned not to place undue reliance on these forward-looking
statements. Lloyds Enterprises Limited undertakes no obligation to update or revise any such
statements, whether as a result of new information, future events, or otherwise, except as required
by applicable law.
LLOYDS ENTERPRISES LIMITED
Registered Address: A-2, 2nd Floor, Madhu Industrial Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai – 400013
Tel: 022 - 6291 8111 Email: lloydsenterprises@lloyds.in www.lloydsenterprises.in
(CIN) L27100MH1986PLC041252