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Lloyds Engineering Works Limited (LEWL), one of India’s engineering and EPC companies, announced the acquisition of a controlling stake in Steel Infra Solutions Company Limited (SISCOL) at an equity valuation of around INR 1,220 crore.
The acquisition is being funded through a combination of cash and equity. Post this transaction, LEWL will help to double SISCOL’s capacity from 100,000 to 200,000 MTPA positioning SISCOL as the largest structural steel fabrication company in India and significantly enhancing the combined platform’s ability to participate in large and complex infrastructure projects.
This transaction is expected to unlock significant operational synergies across procurement, project management, engineering, manufacturing planning and corporate functions. Following the transaction, SISCOL will continue to operate under its existing brand and leadership, with Ravi Uppal continuing as Chairman and Managing Director, supported by the existing senior management team.
Shreekrishna Gupta, executive director, LEWL, said, “This acquisition is not simply about adding capacity; it is about building a platform for the future. SISCOL brings outstanding engineering talent, structural design expertise and a proven execution track record that, combined with Lloyds Engineering’s EPC strengths and manufacturing capabilities, allows us to create one of India’s leading integrated engineering and infrastructure companies.”
Ravi Uppal, cand MD, Steel Infra Solutions Company Limited, said, “We at SISCOL are truly excited to become a part of the Lloyds Group as both companies have complementary strengths and huge business synergies which will give access to new business opportunities. Steel based infrastructure and core industries are poised for double-digit growth for at least another two decades.”
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