Stock Report

Lloyds Engineering Works consortium awarded ₹613 Crore + €18 Million Order from SAIL - IISCO Steel Plant for 4.2 MTPA Pellet Project

Posted On : 2025-11-03 23:39:15( TIMEZONE : IST )

Lloyds Engineering Works Limited (LEWL) announced that it has been selected as a consortium partner alongside Primetals Technologies India Pvt. Ltd and Primetals Technologies Austria GmbH for the design and execution of a 4.2 mntpa Pellet Plant Complex at Steel Authority of India Limited's (SAIL) IISCO Steel Plant, Burnpur (West Bengal).

The Letter of Acceptance (LOA) issued by SAIL - ISP marks a total consortium contract value of approximately ₹613 crore (Indian portion) + €18.26 million (Euro portion), with the project scheduled for completion within 39 months from the effective date of the contract. This major win represents a significant milestone for the consortium and reinforces LEWL's growing reputation as a trusted engineering partner to India's core industrial sectors.

Transforming Collaborations into Strategic Wins

Over the past two years, LEWL has successfully established over 10 collaborations with both domestic and international partners. These strategic alliances have been instrumental in broadening the company's technical scope and positioning it to participate in high-value industrial projects.

This project with SAIL, one of India's largest steel companies, is a demonstration of LEWL's ability to translate collaborations into tangible, large-scale orders, contributing meaningfully to its growth. In the coming months, the company intends to further deepen these alliances and explore new partnerships aimed at converting such collaborations into additional highvalue engineering and manufacturing projects.

Showcasing Lloyds Engineering's Technical Strength

Under this consortium arrangement, LEWL will be responsible for detailed design and engineering and will also contribute to the supply some of critical process equipment and systems for the project.

Mr. Shreekrishna Gupta, Wholetime Director expressed that "This order is a clear reflection of the industry's confidence in Lloyds Engineering's technical depth, execution reliability, and collaborative approach. Over the past few years, we have consciously built strategic partnerships across geographies and technologies, and this project exemplifies how such collaborations can evolve into transformative opportunities. We remain focused on scaling our partnerships and creating enduring value for our stakeholders."

A Testament to Growing Expertise and Credibility

LEWL continues to execute several large-scale orders from marquee clients across the steel, infrastructure, and heavy-engineering sectors, demonstrating its comprehensive design-todelivery competence and commitment to quality, safety, and performance.

The SAIL - ISP pellet-plant project is another significant achievement for LEWL, adding to its expanding portfolio of high-impact industrial and infrastructure projects, and marking yet another milestone in its journey to build a world-class engineering enterprise of scale and substance.

Shares of Lloyds Engineering Works Limited was last trading in BSE at Rs. 60.46 as compared to the previous close of Rs. 58.87. The total number of shares traded during the day was 498643 in over 2371 trades.

The stock hit an intraday high of Rs. 61.50 and intraday low of 59.77. The net turnover during the day was Rs. 30242139.00.