CCI Approves Seven Point One Four Per Cent Stake And Merger
ECONOMY & POLICY

CCI Approves Seven Point One Four Per Cent Stake And Merger

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.

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.

Next Story
Infrastructure Transport

Afcons Secures Rs 53.01 Billion Vadhvan Breakwater Contract

Afcons Infrastructure has received the Letter of Award from Vadhvan Port Project for the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra. Valued at Rs 53.01 billion, the project will create what is set to become the second longest breakwater in the world upon completion.The contract marks a significant milestone for the marine infrastructure specialist and is expected to play a crucial role in the development of Vadhvan Port, envisaged as India's largest public port and one of the world's biggest container ports.Krishnamurthy Subramanian, Executive Chairm..

Next Story
Infrastructure Energy

India Clean Industry Pipeline Grows 30%

India’s clean industry project pipeline has grown by 30 per cent over a six-month period, reflecting rising interest in low-carbon industrial growth amid geopolitical and supply-chain uncertainty.Mission Possible Partnership’s latest Global Project Tracker shows that India now has the world’s third-largest clean industrial project pipeline by project count, after China and the United States. The country has 65 projects across four sectors and 11 states, representing an estimated $433.07 billion investment opportunity in clean fuels, chemicals and low-carbon manufacturing.The pipeline inc..

Next Story
Infrastructure Urban

Kärcher Showcases Professional Cleaning Solutions

Kärcher India recently showcased its professional cleaning solutions portfolio for commercial, industrial, hospitality, healthcare, retail, automotive and institutional applications. The range includes cleaning agents and detergents designed to support efficiency, material safety, operational reliability and hygiene across multiple environments.Under floor cleaning, Kärcher offers solutions such as FloorPro Deep Cleaner RM 751, FloorPro Shine Cleaner RM 755, FloorPro Fine Stoneware Cleaner RM 753, FloorPro Crystallising Agent RM 749 and High Gloss Crystallising Powder RM 775. These products ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement