CCI Approves Stake Acquisition in Lloyds Engineering Works and Merger of Three Firms

The Competition Commission of India (CCI) has approved the acquisition of a 7.14% stake in Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited along with the merger of three entities into Lloyds Engineering Works Limited. 

Transaction Details 

The approved combination of Lloyds Engineering Works and Thriveni Earthmovers, as communicated vide press release dated 12th May, 2026 includes: 

• Acquisition of a 7.14% shareholding in Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited through a block deal on BSE dated February 9, 2026.
• Merger of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited and Techno Industries Private Limited into Lloyds Engineering Works Limited, which will remain the surviving entity. 

Business Operations  

Thriveni Earthmovers provides mining-related services including exploration, drilling, excavation, hauling and transportation of minerals. It is also involved in coal trading and investment activities. 

Lloyds Engineering Works manufactures heavy equipment and machinery for sectors such as hydrocarbon, naval, defence, steel, power and marine industries, besides undertaking construction contracts. 

The three merging entities are engaged in infrastructure construction, lightweight engineering structures, and manufacturing of elevators, escalators, motors and pumps.