Lloyds Engineering Works Ltd (formerly Lloyds Steels Industries) has entered into a definitive agreement to acquire a 76% stake in Metalfab Hightech Private Limited for a cash consideration of Rs 28.4 crore. The acquisition involves the purchase of 21.85 lakh equity shares at Rs 130 each.
The move is a strategic expansion into the heavy fabrication and equipment manufacturing sector. Metalfab Hightech, based in Nagpur, boasts a fabrication capacity of 24,000 MT per annum and a 16-acre facility, equipped with advanced CNC machining, welding infrastructure, and crane systems capable of handling single pieces up to 60 MT.
This acquisition significantly strengthens Lloyds Engineering’s execution capabilities across key industrial segments including power, infrastructure, and railways. It also complements Lloyds’ previous growth initiatives such as the acquisition of Techno Industries, engineering assets from Bhilai Engineering Corporation, and a strategic stake in Lloyds Infrastructure and Construction Ltd.
As per the official release, Metalfab’s revenue has grown substantially over the past three years—from Rs 35.4 crore in FY23 to Rs 159.1 crore in FY25—underscoring its potential as a high-value addition to Lloyds Engineering’s portfolio.
The transaction is expected to be completed by May 31, 2025.
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