India Steel Works Forms Joint Venture LLOYDS IHL LLP with Two Partners
By ScanX News Team
India Steel Works Ltd has announced the formation of a new joint venture named LLOYDS IHL LLP, partnering with Lloyds Realty Developers Limited and Smartquip Properties Pvt Limited. The joint venture follows an MOU signed on May 29, 2025, and was approved during a Board Meeting on July 17, 2025. The company also announced a Board meeting scheduled for July 31, 2025, to consider and approve the Un-Audited financial results for the quarter ended June 30, 2025.
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India Steel Works Ltd (ISIN: INE072A01029) has announced the formation of a new joint venture named LLOYDS IHL LLP, partnering with Lloyds Realty Developers Limited and Smartquip Properties Pvt Limited. This strategic move follows a Memorandum of Understanding (MOU) signed on May 29, 2025, and was approved during a Board Meeting held on July 17, 2025.
Key Details of the Joint Venture
- Joint Venture Name: LLOYDS IHL LLP
- Partners:
- India Steel Works Ltd
- Lloyds Realty Developers Limited (a wholly-owned subsidiary of Lloyds Enterprises Limited)
- Smartquip Properties Pvt Limited
Background and Timeline
- May 29, 2025: Signing of Memorandum of Understanding
- July 17, 2025: Approval of joint venture during Board Meeting
- July 30, 2025: Official announcement to the Bombay Stock Exchange
Company's Statement
In its official communication to the BSE, India Steel Works Ltd stated, "We wish to inform you that the Company has entered a Joint Venture with Lloyds Realty Developers Limited (LRDL) — a wholly-owned subsidiary of Lloyds Enterprises Limited and Smartquip Properties Pvt Limited (SPPL) under the name LLOYDS IHL LLP."
Additional Corporate Updates
In a separate announcement, India Steel Works Ltd also informed that its Board of Directors is scheduled to meet on July 31, 2025, to consider and approve the Un-Audited financial results of the Company for the quarter ended June 30, 2025. This meeting announcement has been published in both English (Free Press Journal) and Marathi (Navshakti) newspapers.
The formation of this joint venture marks a significant step for India Steel Works Ltd, potentially opening new avenues for growth and collaboration in the real estate and property development sectors. Investors and stakeholders will be keenly watching how this partnership unfolds and impacts the company's future operations and financial performance.
Historical Stock Returns for India Steel Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.93% | +15.27% | +59.45% | +109.87% | +135.77% | +1,666.04% |
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