Acquisitions20 May 2025, 10:39 am
Lloyds Engineering Works Ltd Acquires 76.00% Stake in Metalfab Hightech Private Limited for INR 28.41 Crores
AI Summary
Lloyds Engineering Works Ltd (LEWL) has approved the acquisition of 76.00% stake in Metalfab Hightech Private Limited (MEHPL) for a consideration of INR 28.41 crores. This strategic acquisition strengthens LEWL's footprint in the high-growth heavy fabrication and equipment manufacturing, significantly enhancing its overall capacities, capabilities, and product portfolio. Metalfab Hightech Private Limited, a key player in India’s growing infrastructure and industrial sectors, has a 24,000 MT per annum fabrication capacity and a 16-acre facility in Hingna MIDC, Nagpur.
Key Highlights
- LEWL acquires 76.00% stake in Metalfab Hightech Private Limited for INR 28.41 crores
- This strategic acquisition strengthens LEWL's footprint in heavy fabrication and equipment manufacturing
- Metalfab Hightech Private Limited has a 24,000 MT per annum fabrication capacity and a 16-acre facility in Hingna MIDC, Nagpur
- This acquisition is a strategic fit that complements LEWL’s existing business
- Metalfab Hightech Private Limited is a key player in India’s growing infrastructure and industrial sectors