Lloyds Engineering Works Ltd Share Price

History of Lloyds Engineering Works Ltd

Lloyds Engineering Works Limited was initially incorporated as 'Climan Properties Private Limited' on September 19, 1994 as a Private Limited Company with the Registrar of Companies, Mumbai. Subsequently, the status converted into a Public Limited Company and the name was changed to 'Climan Properties Limited' on April 17, 2000, vide a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai. Thereafter, the name was changed from 'Climan Properties Limited' to 'Encon Technologies Limited' dated April 19, 2000. Subsequently, it changed to 'Lloyds Steels Industries Limited' on May 31, 2011. In 2015-16, pursuant to the Scheme of Arrangement between Uttam Value Steels Limited (UVSL) and the Company, the Engineering Division of Uttam Value Steels Limited got demerged ...into the Company and the name of the Company was changed from 'Lloyds Steels Industries Limited' to 'Lloyds Engineering Works Limited' on July 25, 2023 vide a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai. The Company commissioned the Pelletization Plant in FY 2008. The core business of Company is Design, Engineering, Manufacturing, Fabrication, Supply, Erection and Commissioning of all types of Mechanical, Hydraulic, Structural, Process Plants, Metallurgical, Chemical Plants Equipments including Marine Loading/ Unloading Arms, Truck/ Wagon Loading/ Unloading Arms, Columns, Pressure Vessels, Dryers, Boilers, Power Plant, Steel Plant Equipments, Capital Equipments and execution of Turnkey and EPC projects. The Company has collaboration agreements with L3 Calzoni s.r.l., Milano, Italy for Fin Stabilizers and Steering Gears with Controls for Indian Naval Ships and Indian Coast Guard Ships. The Company has arrangement with Technip FMC, France (earlier FMC Technologies SA) for Marine, Truck/ Wagon Loading Arms and Piggable Systems. The Company's works has been approved by Industrial Boiler Regulatory Authority (IBR). It is approved for engineering skills/ works/ services by various premier consulting companies and inspection agencies such as Engineers India Ltd., (EIL), MECON, LRIS, BVIS, PDIL amongst various other agencies. The Company's workshop is accredited with ISO 9001:2015 certification by SGS, UK for design, manufacture and supply of equipment for industrial sector - hydrocarbon, nuclear power, space, defence, process plants, loading/ unloading arms, steel plant, boiler and boiler equipment. The fabrication shop at Murbad has been approved by the Petroleum and Explosives Safety Organisation (PESO) under the Ministry of Commerce and Industry (MCI) for fabrication of non-cryogenic pressure vessels. The workshop is also approved / enlisted by international consultants like Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MN Dastur, SMS Group etc. The Company continues to have Certificate of Authorization (CoA) by the American Society of Mechanical Engineers (ASME) and use of Certification Marks 'U', 'U2' and 'S' for manufacture of pressure vessels and manufacture and assembling of power boilers at Company's works and field sites. The Company acquired a CNC tube bending machine and PLC-controlled tube bending machine in 2024. It installed an 8-torch panel process welding machine. During the year 2023-24, M/s. Shree Global Tradefin Limited, the name of one of the significant Promoters of the Company was changed to Lloyds Enterprises Limited on 6th September, 2023. The Equity Shares of one of the Promoters named Ragini Trading & Investments Limited was merged with Lloyds Enterprise Limited (Formerly known as Shree Global Tradefin Limited) through the Scheme of Arrangement and 96,86,386 Equity Shares of the Company held by Ragini Trading & Investments Limited was transferred to Lloyds Enterprises Limited post release of shares and 22,172 Equity Shares of the Company held in the name of Late Chitralekha R. Gupta was transmitted in the name of Rajesh R Gupta on 7th February, 2024. The Company acquired a 76% equity stake in Metalfab Hightech Private Limited, marking a strategic expansion into heavy structural fabrication and equipment manufacturing in FY25. In FY2024-25, Company's Naval Equipment Division entered into a strategic partnership with Italy's Fincantieri S.p.A, a global leader in shipbuilding to jointly manufacture high quality products for the Indian Navy and Coast Guard. The Company commenced fabrication plant at Metalfab Nagpur facility in 2025.