Shares of Lloyds Engineering Works Ltd gained more than 2% in trade after the company announced that its board has approved a comprehensive scheme of amalgamation involving Lloyds Infrastructure & Construction Ltd, Metalfab Hightech Pvt Ltd and Techno Industries Ltd.
According to the regulatory filing, the proposed merger aims to consolidate the group’s infrastructure, engineering and fabrication businesses under a single listed entity. The move is expected to simplify the overall corporate structure while improving operational efficiency, administrative control and capital allocation across businesses.
Lloyds Infrastructure & Construction Ltd (LICL) has emerged as a strong performer within the group. For the six months ended September, LICL reported an EBITDA margin of 16.2% and a profit after tax of nearly ₹100 crore. In a sign of strategic diversification, the company has also expanded beyond industrial EPC by securing a road infrastructure project valued at over ₹340 crore, strengthening its presence in public infrastructure development.
Metalfab Hightech Pvt Ltd continues to be a high-margin contributor to the group’s financial performance. The entity reported an EBITDA margin of 21.65%, highlighting strong execution capabilities and reinforcing the group’s focus on operational efficiency and value-added fabrication.
The company stated that details such as the appointed date and implementation timeline for the amalgamation will be finalised after receiving necessary regulatory, shareholder and statutory approvals.
Management noted that the proposed consolidation will enable deeper vertical integration across engineering, manufacturing and infrastructure segments. This integrated structure is expected to allow Lloyds Engineering to bid for and execute larger, multi-disciplinary projects while capturing value across the entire project lifecycle—from design and fabrication to execution and delivery.
Post-merger, the unified entity is expected to have a combined order book of around ₹6,150 crore, providing long-term revenue visibility across manufacturing and infrastructure projects.
