Lloyds Engineering Works' Subsidiary Secures ₹ 319.58 Crore Escalator & AMC Order from Mumbai Railway Vikas Corporation
Lloyds Engineering Works Limited (LEWL) announces that its 88%-owned subsidiary, Techno Industries Pvt. Ltd. (Tl), has secured a ₹ 319.58 crore order from Mumbai Railway Vikas Corporation Limited. The contract covers the design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators. This order is a significant entry point for TI into the high-potential Railway sector and reflects the company’s strategic focus on broadening its geographical footprint and scaling its escalator and AMC businesses. This win marks early execution of LEWL’s multi-pronged growth strategy for Tl—expansion into tier-2/3 markets, diversification into industrial elevators, parking systems, and export markets, and scaling its motors and pumps verticals.
Key Highlights
- Techno Industries Pvt. Ltd., a subsidiary of Lloyds Engineering Works Limited, secures a ₹ 319.58 crore order from Mumbai Railway Vikas Corporation Limited.
- The contract covers the design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators.
- This order is a significant entry point for TI into the high-potential Railway sector.
- This win marks early execution of LEWL’s multi-pronged growth strategy for Tl.
- TI is fully geared to meet the rising demand for elevators, escalators, motors, and pumps, supported by strong market fundamentals and execution capabilities.