Lloyds Engineering Works (LEWL) shares surged over 3% in early trade after the company announced a major milestone — its selection as a consortium partner for a large-scale project at the Steel Authority of India Limited’s (SAIL) IISCO Steel Plant in Burnpur, West Bengal.
LEWL, in partnership with Primetals Technologies India Pvt. Ltd and Primetals Technologies Austria GmbH, will handle the design and execution of a 4.2 million tonnes per annum (MTPA) Pellet Plant Complex. The Letter of Acceptance (LOA) from SAIL’s IISCO Steel Plant specifies a consortium contract value of around ₹613 crore for the Indian portion and €18.26 million for the Euro portion. The entire project is expected to be completed within 39 months from the effective date of the contract.
This development marks a significant leap for Lloyds Engineering in strengthening its footprint across India’s industrial and infrastructure sectors. The company’s consistent focus on strategic alliances—over ten successful partnerships in the last two years—has enhanced its technical expertise and widened its market presence.
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