Lloyds Engineering to Invest ₹100 Cr in Subsidiary SISCOL

Lloyds Engineering Works Limited announced its intention to invest ₹100,00,00,020/- (Rupees One Hundred Crore and Twenty Rupees Only) in its subsidiary, Steel Infra Solutions Company Limited (SISCOL). The investment will be made through the subscription of up to 3,33,33,334 equity shares at an issue price of ₹30/- per share on a preferential basis via private placement. This capital infusion is planned in two tranches and aims to support SISCOL's business expansion, liquidity, and smooth operations. SISCOL is engaged in heavy steel fabrication and infrastructure solutions, with a turnover of ₹816.87 Crore for FY26. The acquisition is expected to be completed within 18 months.