Lloyds Engineering Works Limited (LEWL) has announced a significant development for its subsidiary, marking a strategic entry into the railway sector. The company's 88%-owned subsidiary, Techno Industries Private Limited (TI), has secured a ₹19.58 crore order from Mumbai Railway Vikas Corporation Limited, bolstering its position in the infrastructure and engineering space.

Contract Details

The newly acquired contract encompasses a comprehensive scope of work, including:

• Design
• Manufacturing
• Supply
• Installation
• Testing
• Commissioning
• Maintenance of escalators

This order represents a pivotal moment for Techno Industries, as it signifies the company's expansion beyond its traditional market in Gujarat and into the promising railway sector.

Financial Impact

With the addition of this new contract, Techno Industries' confirmed order book has seen a substantial increase, now standing at ₹82.86 crore. This growth in the order book underscores the company's successful efforts in diversifying its project portfolio and expanding its market reach.

Strategic Implications

The securing of this contract aligns with Lloyds Engineering Works' broader growth strategy, which includes:

1. Diversification into tier-2 and tier-3 markets
2. Expansion into industrial elevators and parking systems
3. Exploration of export markets

This move into the railway sector, particularly outside of Gujarat, demonstrates the company's commitment to geographical expansion and sector diversification.

Company Outlook

Mukesh Rajnarayan Gupta, Chairman and Whole Time Director of Lloyds Engineering Works Limited, expressed optimism about the company's future prospects. The Indian Railways sector is viewed as offering vast and sustained growth opportunities, and this contract serves as a significant entry point for Techno Industries to establish a strong, long-term presence in this high-potential market.

Lloyds Engineering Works Limited, with its state-of-the-art manufacturing facilities in Murbad, Thane, and headquarters in Mumbai, is well-positioned to leverage its expertise in providing complete engineering and infrastructure solutions. The company's capabilities span various sectors, including the carbon sector, oil & gas, steel plants, power plants, and nuclear plant boilers.

As Lloyds Engineering and its subsidiary Techno Industries continue to expand their footprint in the infrastructure sector, this new contract marks a promising step towards capturing the rising demand for elevators, escalators, motors, and pumps in India's growing institutional infrastructure landscape.

Lloyds Engineering Works Limited (ISIN: INE093R01011) announced that its subsidiary, Techno Industries Private Limited, has secured a significant contract with Mumbai Railway Vikas Corporation Limited. The agreement, signed on August 02, 2025, involves the procurement of escalators for various Western Railway locations.

Contract Details

The contract encompasses a comprehensive scope of work, including:

• Design
• Manufacturing
• Supply
• Multiple loading / unloading
• Installation
• Testing
• Commissioning
• Maintenance during the warranty period

Financial Implications

The agreement carries substantial financial value:

Subsidiary Information

Techno Industries Private Limited is a material subsidiary of Lloyds Engineering Works Limited. The parent company holds a significant 88% shareholding in Techno Industries, underlining the importance of this contract to Lloyds Engineering's overall business operations.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The disclosure was filed with both the BSE Limited and the National Stock Exchange of India Limited, where Lloyds Engineering's shares are listed.

This contract represents a notable achievement for Lloyds Engineering Works Limited through its subsidiary, potentially strengthening its position in the railway infrastructure sector. The successful execution of this project could contribute to the company's revenue stream and enhance its portfolio in the transportation infrastructure domain.