Deals1 Oct 2024, 07:38 pm
Lloyds Engineering Secures Orders Over Rs. 59 Cr for Steel Eco-Pickling Systems and Marine Loading Arms
AI Summary
Lloyds Engineering Works Limited (LEWL) has announced the receipt of orders exceeding Rs. 59 crore for the supply of Steel Eco-Pickling systems and Marine Loading Arms. These orders, worth Rs. 50 crore and Rs. 9.3 crore respectively, mark a significant milestone in the company's growth trajectory, reinforcing its technological and product capabilities in niche markets. This development further solidifies LEWL's position in the specialised engineering products market, offering enhanced margins due to the niche market demand.
Key Highlights
- LEWL secures orders worth over Rs. 59 crore for Steel Eco-Pickling systems and Marine Loading Arms.
- These orders strengthen LEWL's market position and reinforce its technological capabilities in niche markets.
- Eco-Pickled Steel technology eliminates the use of environmentally harmful acids in the steel pickling industry.
- LEWL's loading arms leverage Japanese technology and expertise, manufactured in India.
- LEWL continues to focus on innovation and market leadership, providing world-class engineering solutions.