Lloyds Engineering Works Acquires Steel Infra Solutions for ₹635 Crore

Board approved acquisition of 88.12% stake in Steel Infra Solutions Company Limited (SISCOL) for ~₹1,073 Cr, funded via cash and share swap. SISCOL reported FY26 revenue of ~₹817 Cr and PAT of ~₹44 Cr. Board also approved borrowings of up to ₹1,000 Cr and preferential allotment of shares.