LEWL Strengthens Strategic Alliance with Fincantieri; Adds New Products to Defence & Marine Line-up

Lloyds Engineering Works Ltd (LEWL) has further enhanced its product offerings in the defence and naval sector by strengthening its strategic technological partnership with FINCANTIERI S.p.A, one of the world’s leading shipbuilding groups based in Italy. The collaboration builds on an existing agreement between the two companies for the joint design and production of Advanced Steering Gear Systems, Fin Stabilizer Systems, Azimuthal Thrusters, and Transversal Tunnel Thrusters. This partnership is now being deepened with the addition of two crucial marine propulsion systems: Controllable Pitch Propeller (CPP) Systems and Shafting Systems. Through this strategic alliance, LEWL will develop and manufacture these advanced propulsion systems indigenously — traditionally reliant on imports — making it one of the first Indian companies to do so. This marks a significant milestone in LEWL’s contribution to the Government's Atmanirbhar Bharat initiative and markedly improves India’s naval self- sufficiency. The partnership will facilitate access to advanced engineering expertise from FINCANTIERI S.p.A, enabling LEWL to establish state-of-the-art manufacturing and testing infrastructure, nurture a skilled workforce, and become a preferred supplier for both domestic and international naval programmes. This development coincides with LEWL experiencing strong growth in its defence engineering segment. As of FY25, the company’s current order book in the defence sector exceeds Rs 100 Crs, with increasing prospects for future contracts. This collaboration aids in long-term revenue growth and expansion of LEWL’s defence sector.