Lloyds Engineering Works Limited has announced an expanded global commercial agreement with The Material Works Limited, USA, for the worldwide deployment of Eco Pickled Surface (EPS) technology. The agreement, disclosed through a regulatory filing dated January 13, 2026, significantly broadens the company's commercial reach from domestic markets to international deployment of this proprietary steel pickling solution.

Technology and Market Expansion

The expanded agreement enables LEWL to exclusively design, manufacture, market, and deploy the patented EPS systems across international markets, with specific territorial exclusions. The technology represents a breakthrough in steel processing, offering the world's first acid-less steel pickling solution that addresses environmental and operational challenges in the industry.

The EPS technology eliminates the use of hazardous acids while operating with zero effluent discharge, positioning it as an environmentally compliant alternative to conventional pickling methods. Over 80% of cold steel products globally require pickling, creating substantial market opportunities for this innovative solution.

Commercial Viability and Execution

LEWL has demonstrated the commercial viability of the EPS technology through concrete business achievements. The company has already secured and is currently executing an order worth ₹50.00 crore for EPS technology, providing tangible evidence of market acceptance and operational capability.

The company became the first in India to commercialize acid-less steel pickling technology following an earlier arrangement in 2023. The current agreement transitions EPS from a primarily domestic solution to a globally addressable technology offering.

Strategic Impact and Growth Potential

The expanded agreement strengthens Lloyds Engineering's portfolio of proprietary, technology-driven solutions while supporting long-term growth through international commercialization. The company positions this development as showcasing its capabilities to capitalize on internationally proven technologies and contribute to the Make in India initiative.

The technology's environmental benefits include drastically reduced capital expenditure requirements compared to traditional acid-based pickling processes, elimination of hazardous acid usage, and zero liquid discharge operations. These features make EPS the only environmentally friendly yet commercially viable solution in the steel pickling market.

Regulatory Compliance

The agreement details were initially disclosed through letter RS/LLOYDSENGG/BSEL-NSEL/2026/2 dated January 10, 2026, in compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The current announcement serves as a general update to stakeholders regarding the expanded commercial arrangement.

The territorial scope of the agreement includes global markets with specific exclusions for China, Macao, Hong Kong, Taiwan, and any location within a 350-mile radius of Red Bud, Illinois, United States. This geographic framework provides substantial international market access while respecting defined contractual limitations.

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Lloyds Engineering Works has announced a strategic partnership with US-based The Material Works through a purchase and licensing agreement for eco-friendly EPS Gen 4 steel technology. This collaboration marks a significant development in the company's technological advancement and sustainability initiatives.

Strategic Technology Partnership

The agreement with The Material Works provides Lloyds Engineering Works access to advanced EPS Gen 4 steel technology, which focuses on environmentally sustainable steel production methods. This partnership represents the company's commitment to adopting cutting-edge technologies that align with global environmental standards.

Technology Acquisition Details

Environmental Impact and Innovation

The EPS Gen 4 steel technology represents a significant advancement in sustainable steel manufacturing. By entering into this agreement, Lloyds Engineering Works demonstrates its strategic focus on incorporating environmentally responsible technologies into its operations. The eco-friendly nature of this technology aligns with growing industry demands for sustainable manufacturing processes.

Market Positioning

This technological partnership positions Lloyds Engineering Works to enhance its competitive advantage in the steel industry through access to advanced, environmentally conscious production methods. The collaboration with The Material Works provides the company with proven American technology that could potentially improve both operational efficiency and environmental compliance.