CCI Approves Thriveni Demerger and Lloyds Stake Acquisition

16 May 2025 CW Team

The Competition Commission of India (CCI) has approved a combination involving the demerger of the Mining Development and Operations (MDO) business of Thriveni Earthmovers Private Limited (TEMPL) into Thriveni Earthmovers and Infra Private Limited (TEIPL), along with a significant stake acquisition by Lloyds Metals and Energy Limited (LMEL).

As per the approved structure, TEMPL will transfer its MDO business—spanning exploration, mine development, mining, beneficiation, and logistics of iron ore, coal, baryte, and manganese—into TEIPL. Subsequently, LMEL will acquire approximately 79.82 per cent shareholding in TEIPL. In parallel, TEIPL will acquire a majority stake in Lloyds Surya Private Limited, a newly formed subsidiary of LMEL.

LMEL, established in 1977, currently operates across iron ore mining, sponge iron production, captive power generation, and pellet trading. TEIPL is a newly incorporated entity with no existing operations, while Lloyds Surya also did not carry out any business activity during FY 2023–24.

The detailed order from the CCI will be issued in due course.

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

MIC Electronics has received a Letter of Acceptance (LoA) from Rail Coach Factory (RCF), Kapurthala, for its first order in the Passenger Announcement and Passenger Information System (PAPIS) segment, marking a new addition to the company’s railway electronics portfolio.The order was awarded following successful evaluation of the company’s bid by the competent authority. MIC Electronics said the scope of work will be executed in line with the agreed rate structure, delivery schedules, inspection requirements, warranty provisions and other standard terms and conditions prescribed by RCF.Com..

Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

Prozo has launched its largest multi-client fulfilment hub, a 1.5 lakh sq ft enterprise-grade facility at Horizon Industrial Parks, Gurugram, Haryana, strengthening its expanding national warehousing network. The new site is Prozo’s sixth multi-client facility in Haryana and eleventh in Northern India, within a network of over 50 fulfilment centres spanning 3 million sq ft.Designed as a model warehouse for North India, the facility combines high-specification infrastructure with Prozo’s proprietary technology stack to support complex and high-volume operations for enterprise, retail and D2..