Lloyds Subsidiary Signs Agreement with Alpar Ingegneria for Defence Systems

Lloyds Engineering Works Limited announced that its material subsidiary, Lloyds Advance Defence Systems Limited (LADS), has entered into an agreement with M/s Alpar Ingegneria S.R.L., Italy. The agreement focuses on the design, development, and manufacturing of product prototypes, technology transfer to LADS, and licensed manufacturing of products in India. This collaboration aims to enhance LADS' capabilities in advanced defence systems. The specific terms and conditions are detailed in Annexure A of the filing. This strategic move is expected to bolster the subsidiary's product portfolio and manufacturing prowess in the defence sector.