India Steel Works Reports Q1 Loss, Forms Joint Venture for Land Development Amid Financial Challenges Jul 31, 2025
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30Jul 25
India Steel Works Signs Development Agreement for Khopoli Land Monetization
India Steel Works Ltd has entered into a development agreement with LLOYDS IHL LLP to monetize its land in Khopoli, Maharashtra. The agreement, signed on July 30, 2025, follows an MOU from May 29, 2025. LLOYDS IHL LLP is a joint venture involving India Steel Works, Lloyds Realty Developers Limited, and Smartquip Properties Pvt Limited. This move aims to unlock value from the company's real estate assets and potentially diversify its interests beyond the steel business.
30Jul 25
India Steel Works Inks Development Deal with LLOYDS IHL LLP for Khopoli Land
India Steel Works Ltd has entered into a development agreement with LLOYDS IHL LLP to monetize its land assets in Khopoli, Maharashtra. The agreement, signed on July 30, 2025, follows a MOU from May 29, 2025. LLOYDS IHL LLP is a joint venture involving India Steel Works Ltd, Lloyds Realty Developers Limited, and Smartquip Properties Pvt Limited. The project aims to redevelop and monetize land in Village Vihari, Taluka Khalapur, District Raigad. This move is expected to unlock value from the company's land assets and potentially enhance shareholder value. The company has informed the Bombay Stock Exchange about this development, complying with regulatory requirements.
30Jul 25
India Steel Works Forms Joint Venture LLOYDS IHL LLP with Two Partners
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.