Lloyds Engineering Works acquired 2,08,79,871 equity shares of SISCOL, representing 51.13% of its total outstanding equity share capital, for a total consideration of ₹626.40 crore. The consideration was structured through a combination of cash and share swap.
The company paid ₹127.34 crore in cash for 42,44,784 SISCOL shares, representing 10.39% of the target company’s outstanding equity share capital. For the remaining 1,66,35,087 shares, representing 40.74%, Lloyds Engineering Works will issue and allot 7,00,42,458 equity shares on a preferential basis to SISCOL’s sellers at ₹71.25 per share. The total consideration for the share-swap component is up to ₹499.05 crore.
SISCOL is engaged in heavy steel fabrication and infrastructure solutions, serving customers across the energy, infrastructure and industrial segments. Its business covers design, engineering, fabrication, site installation and project management for infrastructure projects. The company has six production facilities, including a newly opened facility in Hyderabad, taking its total production capacity to 100,000 tonnes per annum.
For FY2025-26, SISCOL reported a turnover of ₹816.87 crore and net profit of ₹43.42 crore. Its turnover stood at ₹636.10 crore in FY2024-25 and ₹573.49 crore in FY2023-24.
Lloyds Engineering Works said the acquisition is aligned with its objective of building a diversified, multi-disciplinary engineering platform. It expects the deal to expand its capabilities and product portfolio, create operating synergies and strengthen its ability to bid for larger integrated projects on a turnkey or EPC basis. The company also plans to endeavour to file the Draft Red Herring Prospectus for a future listing of SISCOL within 30 months from completion of Stage 1 of the transaction.
The share price of Lloyds Engineering Works closed 2.34% lower at ₹91.34 on NSE on August 17, 2026.
