Lloyds Enterprises Acquires 17.98% Stake in Steel Infra Solutions for ₹1,073 Crore
Lloyds Enterprises Limited (LEL) will acquire 17.98% of Steel Infra Solutions Company Limited (SISCOL) for ₹1,073 crore. SISCOL, valued at ₹1,220 crore, reported FY26 revenue of ₹817 crore and profit after tax of ₹44 crore. The acquisition enhances LEL's position in the structural steel fabrication sector.
The acquisition represents a substantial investment and strategic move that is expected to significantly enhance the combined business's scale, reach, and capabilities, impacting the company's future growth and market standing.
The acquisition of a significant stake in a well-established company like SISCOL is a positive development for Lloyds Enterprises Limited, strengthening its market position and capabilities in the structural steel fabrication sector.
Lloyds Enterprises Limited (LEL) has announced a definitive agreement to acquire a 17.98% stake in Steel Infra Solutions Company Limited (SISCOL), a prominent Indian structural steel fabricator. This acquisition, finalized on June 18, 2026, strengthens the group's holding in SISCOL, with LEWL (LEL's Material Subsidiary) now holding a 52.16% stake. The transaction values SISCOL at approximately ₹1,220 crore, with LEL contributing about ₹219 crore towards the total acquisition consideration of approximately ₹1,073 crore.
SISCOL offers a full-stack service including design, engineering, fabrication, and erection, with a proven track record of executing 187 fabrication projects since 2018 across various sectors like airports, convention centers, stadiums, bridges, and data centers. The company boasts a blue-chip client base, including L&T, Shapoorji Pallonji, and Tata Projects. SISCOL was built by its Chairman and Managing Director, Ravi Uppal, an industry veteran with over four decades of experience. SISCOL will continue to operate under its existing legal entity, brand, and leadership team, with Mr. Uppal remaining at the helm.
SISCOL possesses significant in-house design and engineering capabilities with four design offices and six engineering offices across India. It operates six manufacturing units with a cumulative capacity of 100,000 MTPA. For FY26, SISCOL reported revenue of approximately ₹817 crore, EBITDA of approximately ₹92 crore, and profit after tax of approximately ₹44 crore, with a robust order book of approximately ₹1,134 crore.
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Lloyds Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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