### **Company Overview** Lloyds Engineering Works Limited (LEWL), incorporated in 1994, is a leading full-service Indian engineering solutions provider specializing in **customized process plant equipment** and **turnkey infrastructure projects**. The company delivers end-to-end engineering solutions spanning design, manufacturing, fabrication, and commissioning across heavy industries. LEWL serves core industrial sectors including **Steel, Hydrocarbons, Oil & Gas, Power, Nuclear, Defence, Marine, and Mining-to-Metals**. Headquartered in Mumbai, LEWL operates advanced manufacturing facilities in **Murbad (Thane), Nagpur, and Bhilai**, with all sites certified by key regulatory bodies such as ASME, SGS UK, Petroleum and Explosives Safety Organisation (PESO), and the Industrial Boiler Regulatory Authority. With over four decades of combined promoter experience in engineering and steel, LEWL has built strong domain expertise and brand equity centered on **on-time, first-time-right execution**, precision delivery, and technical innovation. --- ### **Recent Strategic Highlights (2024–2025)** #### **1. Strategic Acquisitions & Business Diversification** LEWL has executed a transformative growth strategy through **inorganic expansion**, positioning itself as a diversified, pan-India engineering conglomerate. - **Acquisition of Techno Industries Pvt. Ltd. (TIPL)** - Acquired **77% stake for INR 175 crore** in FY24–25 (completed October 2024). - Entry into the **electrical engineering** and **B2C segments** (elevators, escalators, motors, pumps). - TIPL has: - Over **21,000 elevators**, **800,000 motors**, and **11.5 million pumps** installed. - A 16% market share in Gujarat’s elevator market (largest in the state). - Revenue of **INR 168 crore in FY23–24**. - Strengthened access to **NTPC, BHEL, and other PSU clients** through pre-qualifications. - **Acquisition of Metalfab Hightech Pvt. Ltd.** - Acquired **76% stake for INR 28.41 crore** (May 2025). - 24,000 MT/year structural fabrication capacity in Nagpur. - Experience in **wind towers, power structures, and industrial components**. - **Acquisition of Bhilai Engineering Corporation Ltd (BECL) Engineering Assets** - Acquired state-of-the-art **30,566 sqm facility in Bhilai**. - Adds precision machining for **exotic materials (stainless, alloy steels, aluminium)**. - Supports expansion into **space, defence, and nuclear sectors**. #### **2. Expansion into Defence & Aerospace** LEWL has made rapid strides into high-value defence engineering: - **Strategic Partnership with FlyFocus Sp. z o.o. (Poland)** - MoU to co-develop **First Person View (FPV) drones and SIGINT UAV 'Defender'**. - Grants LEWL **exclusive rights for India** and export potential. - Focus: **Border surveillance, counter-terrorism, electronic warfare, and tactical reconnaissance**. - **Defender UAV Program** - Custom platform for **mission-critical operations**, including VIP security and coastal monitoring. - Complements long-range reconnaissance with **short-range tactical drones**. - **Indian Navy & Coast Guard Programs** - Empanelled vendor; supplied **steering gear, fin stabilizers** to 116+ naval ships. - Orders worth **over ₹130 crores in the last 14 months**, including ₹81.5 crores from GRSE and GSL. - Developed **India’s first indigenous fin stabilizer and steering gear**. #### **3. Naval & Marine Engineering Leadership** - **Strategic Partnership with Fincantieri S.p.A. (Italy)** - Co-developing **Controllable Pitch Propeller (CPP) systems and shafting systems**. - Among **first Indian firms** to indigenously manufacture stealth naval propulsion systems. - Aligns with **Atmanirbhar Bharat** and reduces import dependence. - **Marine Loading Arms (First-of-its-kind in India)** - Technology partnership with **TB Global Technologies Ltd., Japan**. - Supplies **marine, truck, and wagon loading arms** for **LPG, chemicals, crude oil, ammonia**. - Can handle vessels up to **VLCCs (500,000 DWT)**. - Orders worth **> ₹60 crores**, with recurring after-sales services. - **Expansion into Aerospace & Naval Interiors** - Providing **mechanical, electrical, and structural systems** for naval vessels. --- ### **Technology & Innovation Initiatives** #### **1. Eco-Pickling Technology (EPS Gen 4)** - Exclusive India & Bangladesh rights via partnership with **The Material Works Ltd. (USA)**. - **Acid-free steel pickling process** using grit blasting (no hazardous waste). - Benefits: - Lower capital & operating costs. - Zero acid disposal. - Environmentally sustainable. - Secured **₹50+ crores in orders**; targets 150+ existing Indian pickling lines. #### **2. Digital Transformation & Automation** - **SAP HANA + SAP Ariba integration** for procurement & operational transparency. - Use of **AI-driven simulation, digital prototyping, and PLM/MES systems**. - Advanced tools: **Caesar II, Staad Pro, SolidWorks, AutoCAD**. - Automation: **8-torch boiler welding, 4-axis CNC tube bending, CNC deep hole drilling**. #### **3. Joint Venture with CEMI Process Optimisation** - Focus: **Advanced process control, digital simulation, industrial vision systems**. - Opens access to **India’s underpenetrated process optimization market**. - Revenue potential: **SaaS-based recurring income streams**. --- ### **Core Business Segments and Revenue Drivers** | **Segment** | **Key Offerings** | |---------------------------|-----------------------------------------------------------------------------------| | **Steel & Mining-to-Metal** | Pellet plants, DRI plants, rolling mills, mineral processing, waste heat boilers | | **Power & Boilers** | AFBC/CFBC boilers, WHRB, 2×35 MW power plant execution, biochar-based DRI systems | | **Hydrocarbons & Oil & Gas** | Pressure vessels, heat exchangers, reactors, columns, dryer packages | | **Defence & Naval** | Steering gear, fin stabilizers, CPP systems, missile defence R&D, UAV systems | | **Marine & Ports** | Marine loading arms, swivel joints, emergency release systems (ERS), QC/DC couplers | | **Electrical Engineering** | Elevators, escalators, motors (up to 3.5 MW), pumps, escalators, AMC services | #### **New Verticals (Post-Acquisition)** - Elevators & Escalators: Targeting **metro, rail, and commercial infrastructure projects**. - Aftermarket Services (AMC): Growing **recurring revenue** from maintenance contracts. - Export Plans: Expansion of elevators and motors into **UAE, USA, Africa**. --- ### **Major Projects & Orders (2025)** - **SAIL-ISP Pellet Plant Project (Burnpur, WB)** - Consortium with **Primetals Technologies (India & Austria)**. - Order value: **₹613 crore (India)** + **€18.26 million (overseas)**. - LEWL responsible for **detailed engineering and supply of critical equipment**. - **39-month timeline**; reinforces LEWL’s leadership in steel plant capital equipment. - **Defense Order Book (FY25)** - Over **₹100 crores**, with additional bids underway. - Key clients: **MDL, Cochin Shipyard, GRSE, GSL, Naval Dockyard**. - **Order Book Growth** - Grew **93%** from **₹682.94 crore (Mar 2023)** to **₹1,315.38 crore (Mar 2025)**. - Strong pipeline in **steel, hydrocarbons, defence, and infrastructure**. --- ### **Geographic & Market Expansion** - **Facility Expansion** - **63 acres of land acquired near Nagpur** for future organic growth. - New fabrication facility in **Nagpur (Metalfab)**; revamped shops in **Murbad**. - **Export Growth** - Receiving global inquiries; exploring **Southeast Asia, Middle East, and Africa**. - International projects in active proposal stage. - **Market Penetration** - Expanding into **tier 2 and tier 3 cities** for elevators and motors. - Targeting **public transport**, **residential**, and **industrial clients**. --- ### **Financial & Operational Strengths** - **Debt-Free Operations**: Fully funded through retained earnings. - Net worth: **~₹4,112 crores** (as of FY24). - **Capex Plan**: **₹30 crores over 3 years** for capacity expansion in motors, elevators, and defence. - **Workforce**: ~270 employees (Mar 2025); scaling with growth. - **Client Concentration Note**: Top 10 clients account for **>94% revenue**, with **Lloyds Metals & Energy Ltd** contributing **65–78%** in FY23–24. Efforts underway to diversify. --- ### **Sustainability & ESG Focus** - **Eco-Friendly Technologies**: - EPS Gen 4 (zero acid waste), eco-pickling, biochar for DRI. - **Energy Efficiency**: - High-efficiency WHR boilers, motor designs, reduced power consumption. - **Circular Economy**: - Waste heat recovery, slag-to-energy solutions. - **Green Port Initiatives**: - Supporting **FLNG, green ammonia, hydrogen infrastructure projects**.