The Competition Commission of India (CCI) has approved the acquisition of seven point one four per cent shareholding in Lloyds Engineering Works Limited (LEWL) by Thriveni Earthmovers Private Limited (TEMPL). The transaction was executed as a block deal on the BSE Limited on nine February 2026. The approval also covers a proposed merger by absorption in which LEWL will be the surviving entity. The commission examined overlaps and vertical links before granting approval.

The merger will absorb three entities into LEWL, namely Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL) and Techno Industries Private Limited (TIPL). The combination is structured to consolidate manufacturing and construction capabilities under a single corporate group. The commission has issued its approval subject to any further orders to be detailed later.

TEMPL provides contract mining services including exploration, drilling, mining, excavation, hauling, sizing, processing and transportation of minerals and is engaged in coal trading, manufacture of solid blocks and investment activities. LEWL is engaged in design and manufacture of heavy equipment and machinery such as pressure vessels, columns, heat exchangers and boilers for sectors including hydrocarbon, naval, defence, steel, power and marine, and it also undertakes construction contracting. The consolidation is expected to streamline operations across equipment manufacturing and contracting activities. The consolidation aims to enhance operational efficiencies and simplify group governance structures.

LICL focuses on design, engineering and construction of road infrastructure and industrial civil works as well as erection and installation of steel structures and technological equipment. MHPL specialises in lightweight engineering and the design and manufacture of steel and technological structures such as hanger rods and steel girders. TIPL manufactures elevators, escalators, motors and pumps and will be integrated into the enlarged LEWL group. The commission said detailed orders will be released in due course.