1. SISCOL acquisition - LEWL signed a binding SPSSSHA on 18 June 2026 to acquire 52.16% of SISCOL for \~₹635 crore (cash plus share swap), with completion targeted by 31 July 2026. SISCOL adds a ₹1,197 crore order book and 100,000 MTPA structural steel capacity, roughly doubling LEWL's fabrication capacity and nearly tripling the group's order book to ₹8,856.9 crore.
2. Mega merger - The Scheme of Merger absorbing LICL, Metalfab and Techno into LEWL received NSE and BSE no-objection certificates on 19 May 2026 and CCI approval on 13 May 2026, with NCLT filing pending. Post-merger proforma Q1 FY27 income is ₹11,810 Mn, up 80% YoY, with PAT up 50% - the merged entity becomes a single integrated engineering platform with FY26 proforma revenue of ₹32,531 Mn.
3. Order book growth - Group order book stands at ₹8,856.9 crore as of 30 June 2026, up 502% from ₹1,383.78 crore, with EPC/infrastructure at 68% of the mix. This multi-year visibility supports the company's stated FY29/30 ambition of ₹10,000+ crore revenue, against FY26 revenue of ₹1,611 crore.
4. Techno Industries electrical expansion - Techno's Q1 FY27 revenue grew 19% YoY to ₹392 Mn, with a ₹197.5 crore order book including railway and real estate orders; the new HT motor line at Vatva is live in FY27, pre-qualified with NTPC, BHEL and L&T. The electrical business targets ₹500+ crore annual revenue within 3-5 years, against FY26 revenue of ₹187 crore, in a motors TAM of ₹1.7 trillion and elevator TAM of ₹1.5 trillion.
5. Metalfab consolidation - Metalfab (76% subsidiary, consolidated from 20 May 2025) delivered Q1 FY27 revenue of ₹164.1 crore, up 517% YoY, at 15.10% EBITDA margin, with a ₹196.2 crore order book. First full quarter of consolidation lifts light-fabrication revenue 6.2x YoY, and combined with Bhilai delivers \~2x fabrication capacity expansion.
6. SAIL-IISCO pellet plant - LEWL received a Letter of Acceptance on 3 Nov 2025 as consortium partner for SAIL-IISCO's 4.2 MTPA pellet plant at Burnpur, with total contract value of \~₹613 crore plus €18.26 million, to complete within 39 months. This is a marquee steel-sector reference that builds on the company's first-in-India drive and tipping stations for a 5 MTPA pellet plant, which delivered \~40% cost savings for customers.
7. Defence subsidiary ramp-up - LADS (85% owned) has signed agreements with FlyFocus (Poland) for licensed FPV drone manufacturing, Kliver Polska for marine infrastructure, Virtualabs for radar, and Fincantieri for steering gear and thrusters, with an order book of ₹855+ Mn. Defence sector TAM is ₹1.8 trillion, and the company has secured orders exceeding ₹81 crore with government tendering for 100+ naval ships.
8. EPS Gen 4 licensing - LEWL signed a purchase agreement with The Material Works (USA) on 10 Jan 2026 for exclusive global rights (excluding China and part of USA) to manufacture and sell EPS Gen 4 acid-free steel pickling cells, with ₹50+ crore of orders already secured. The technology eliminates acid disposal costs and cuts plant installation timelines by nearly half, positioning LEWL for India's 300 MTPA steel capacity build-out.
9. Bhilai engineering assets - The Oct 2024 acquisition of Bhilai Engineering Corporation's engineering division adds 65,000 sq m of heavy engineering capacity for railways, nuclear and defence, with the workshop operating at full utilisation during FY26. The rights issue earmarks ₹134 crore for this acquisition and machinery overhaul, with ₹71.25 crore of the revised balance to be deployed by 31 March 2027.
10. Mining & mineral processing equipment - LEWL secured orders for one of the world's largest 8x1000 TPD DRI kilns and manufactured 18 Vertical Tower Mills for iron ore beneficiation during FY26, with repeat orders and ongoing discussions for pellet plant and beneficiation projects. The company plans to double monthly manufacturing capacity during FY27 with new VTL, rolling and CNC cutting equipment, given full utilisation levels.