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, valued at Rs 23.11 crore (including 18% GST), was finalized on August 1, 2025.

Contract Details

The contract involves the procurement of escalators for various Central Railway locations. Specifically, it encompasses:

• Design
• Manufacturing
• Supply
• Multiple Loading / Unloading
• Installation
• Testing
• Commissioning
• Maintenance during the warranty period

Financial Aspects

The financial breakdown of the contract is as follows:

Project Timeline

The project has a stipulated completion period of 24 months from the date of issue of the notice to proceed.

Company Relationship

Lloyds Engineering Works Limited holds an 88% stake in Techno Industries Private Limited, classifying it as a material subsidiary of the company. This substantial ownership underscores the significance of the contract for 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 development for Lloyds Engineering Works Limited, potentially contributing to its revenue stream and showcasing its subsidiary's capabilities in the railway infrastructure sector.

Lloyds Engineering Works Limited (LEWL) has announced ambitious growth plans and reported robust financial results for the first quarter, showcasing the company's strong momentum in the engineering sector.

Ambitious Growth Target

LEWL has set an aggressive target to achieve four times its FY25 revenue by FY26. The company aims to reach this growth through strategic initiatives including:

• Expansion in the defense sector
• Technological partnerships
• EPC (Engineering, Procurement, and Construction) consolidation
• Marine infrastructure development

The company's confidence is bolstered by its growing order book, which has reached ₹1,337.57 crore, providing a solid foundation for future growth.

Q1 Financial Highlights

LEWL reported impressive financial results for Q1:

The EBITDA margin stood at 18.89%, compared to 19.94% in the same quarter of the previous fiscal year. The company's performance demonstrates its ability to execute projects efficiently while maintaining healthy profit margins.

Strategic Initiatives

LEWL is leveraging several strategic initiatives to drive its growth:

1. Technological Partnerships

• Collaboration with The Material Works, Ltd. for eco-friendly steel pickling technology
• Agreement with TB Global Technologies Ltd. for marine loading arms and swivel joints
• Strategic partnership with Fincantieri S.p.A for defense and naval equipment manufacturing

2. Acquisitions and Consolidation

• Acquired 76% stake in Metalfab Hightech Private Limited
• Increased stake in Techno Industries Private Limited
• Plans to acquire engineering assets of Bhilai Engineering Corporation Limited

3. Capacity Expansion

The company is undertaking significant capacity expansion, modernizing its asset base to support future growth.

Order Book and Market Position

LEWL's order book remains strong at ₹1,337.57 crore as of June 30, providing visibility for future revenue. The company has secured orders from diverse sectors including oil & gas, steel, marine, and defense, showcasing its versatility in engineering solutions.

Outlook

With its ambitious growth target, strong order book, and strategic initiatives in place, Lloyds Engineering Works Limited is well-positioned to capitalize on opportunities in the engineering sector. The company's focus on technological partnerships and capacity expansion is expected to drive innovation and efficiency, supporting its goal of achieving four-fold revenue growth by FY26.

As LEWL continues to execute its growth strategy, investors and industry observers will be closely watching the company's progress in the coming quarters.