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Stock Report
Lloyds Metals and Energy Ltd completes acquisition of Thriveni Earthmovers and Infra Pvt Ltd
Posted On : 2025-07-01 14:28:23( TIMEZONE : IST )
Lloyds Metals and Energy Limited ("LMEL/the Company") is pleased to announce that it has completed the acquisition of 79.82% equity stake in Thriveni Earthmovers and Infra Private Limited ("TEIL") for INR 70 crores, following the final approval by the Hon'ble National Company Law Tribunal ("NCLT") for the demerger of the Mine Developer and Operator (MDO) business from Thriveni Earthmovers Private Limited ("TEMPL") into TEIL as per the order pronounced on 12th June 2025 and certified copy issued on 23rd June, 2025.
About Thriveni Earthmovers and Infra Private Limited
Thriveni Earthmovers and Infra Private Limited ("TEIL"), the demerged entity housing the MDO business of TEMPL, is a leading player in the MDO segment in India. TEIL operates mining contracts across a range of minerals including iron ore, coal, barytes, and others. The contracts are operating from India in various states, as well as Indonesia. The business is based on long-term contracts and delivers consistent revenue and cash flows. One of TEIL's largest and most strategic contracts is operating the MDO business for the Company's Surjagarh Iron Ore Mine. Being service-based, it is less impacted by fluctuations in commodity prices and brings operational stability.
Strategic Benefits of the Acquisition
Cost Efficiency
The integration is expected to deliver cost optimisation benefits at the consolidated group level, helping LMEL to reduce mining cost of iron ore.
Boost to consolidated financials
The acquisition is expected to add significant revenue to LMEL's consolidated financials. TEIL currently operates as an MDO with mining contracts totalling 71 million tonnes, which are expected to scale up to 123.9 million tonnes providing a significant boost to the company's consolidated performance.
Growth Potential
The acquisition enables LMEL to explore new mining opportunities both in India and internationally, leveraging TEIL's execution expertise and regulatory know-how.
Stable Business Model TEIL's long-term contract-based model offers stability, scalability, and long-term visibility.
Green Mining
Thriveni is pioneering green mining practices with full-scale deployment of electric excavators, dumpers, and ancillary equipment. Its initiatives from LNG dual-fuel conversions to tyre retreading and electrification are designed to significantly reduce carbon emissions and improve operational efficiency.
With the integration of TEIL's stable, service-oriented MDO business, LMEL's consolidated operations will become structurally stronger and less exposed to commodity price cycles, ensuring more predictable and resilient cash flows. With this acquisition, LMEL is well-positioned to expand its mining footprint, optimize operational costs, and drive long-term value creation through a reliable and scalable mining services platform.
Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1590.65 as compared to the previous close of Rs. 1547.95. The total number of shares traded during the day was 40559 in over 2220 trades.
The stock hit an intraday high of Rs. 1601.65 and intraday low of 1550.80. The net turnover during the day was Rs. 64129729.00.
