Lloyds Enterprises Acquires 88.12% of Steel Infra for ₹1,073 Cr

Lloyds Enterprises Limited, along with its material subsidiary Lloyds Engineering Works Limited and Streamland Estate LLP, has approved the acquisition of 88.12% equity shares in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of approximately ₹1,073.40 Cr. The acquisition involves a combination of cash and share swap. SISCOL is engaged in heavy steel fabrication and infrastructure solutions, with a turnover of ₹816.87 Cr and a net profit of ₹43.42 Cr for the fiscal year ending March 2026. This strategic move aims to expand the company's presence in the infrastructure sector.