Date: 2026-05-12Category: Press ReleaseState: Union GovernmentCountry: India
CCI approves acquisition of 7.14% stake in Llyods Engineering Works by Thriveni Earthmovers Pvt Ltd. and merger of three entities into Lloyds Engineering Works Ltd
**Executive Summary**
The Competition Commission of India (CCI) has approved Thriveni Earthmovers Private Limited’s (TEMPL) acquisition of a 7.14% stake in Lloyds Engineering Works Limited (LEWL) and the subsequent merger of three entities into LEWL. This approval covers a block deal executed on February 9, 2026, and the absorption of LICL, MHPL, and TIPL. A detailed order from the Commission is expected to follow this announcement.
**Key Points / Main Content**
**Transaction Components**
* **Block Deal:** TEMPL acquired a 7.14% shareholding in LEWL via the BSE Limited on February 9, 2026.
* **Merger by Absorption:** Three entities—Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL), and Techno Industries Private Limited (TIPL)—will merge into LEWL.
* **Surviving Entity:** LEWL will remain the surviving entity following the conclusion of the merger.
**Entity Profiles**
* **LEWL:** Engaged in construction contracting and the manufacture of heavy equipment (e.g., pressure vessels, boilers) for sectors including defense, hydrocarbon, and power.
* **TEMPL:** Provides contract mining services (exploration, excavation, hauling), coal trading, investment activities, and solid block manufacturing.
* **LICL:** Specializes in construction activities, including road infrastructure, industrial civil work, and the installation of technological structures.
* **MHPL:** Focuses on lightweight engineering and the manufacturing of steel structures, hanger rods, and buckstays.
* **TIPL:** Operates in the manufacturing of motors, pumps, elevators, and escalators.
**Impact Analysis**
**Lloyds Engineering Works Limited (LEWL)**
**Impact**
LEWL will expand its operational scope and asset base by absorbing three distinct engineering and construction entities. Its shareholding structure is also modified by the 7.14% stake acquisition by TEMPL.
**Action Required**
The entity must proceed with the formal absorption of the merging companies and await the detailed order from the CCI for any specific compliance directions.
**Thriveni Earthmovers Private Limited (TEMPL)**
**Impact**
TEMPL successfully formalizes its investment in LEWL, holding a 7.14% stake.
**Action Required**
Review the forthcoming detailed order from the CCI to ensure all regulatory conditions for the acquisition are met.
**LICL, MHPL, and TIPL**
**Impact**
These three companies will cease to exist as independent legal entities and will be integrated into LEWL.
**Action Required**
The management of these entities must execute the final stages of the merger by absorption.
**Competition Commission of India (CCI)**
**Impact**
The regulator has provided the necessary clearance for the proposed combination under competition laws.
**Action Required**
The Commission is required to issue the detailed order following this initial approval announcement.
Key Entities Referenced
Competition Commission of India: The primary regulatory body that approved the acquisition of a 7.14% stake and the merger of three entities into Lloyds Engineering Works Limited.
Lloyds Engineering Works Limited: The central engineering firm that is the target of a 7.14% share acquisition and the surviving entity following the merger of three other companies.
Thriveni Earthmovers Private Limited: The contract mining services company that acquired a 7.14% shareholding in Lloyds Engineering Works Limited via a block deal.
Competition Commission of India
CCI approves acquisition of 7.14% stake in
Llyods Engineering Works by Thriveni
Earthmovers Pvt Ltd. and merger of three entities
into Lloyds Engineering Works Ltd
Posted On: 12 MAY 2026 7:45PM by PIB Delhi
The Competition Commission of India (CCI) has approved the acquisition of 7.14% stake in Llyods
Engineering Works Limited by Thriveni Earthmovers Private Limited and merger of three entities into
Lloyds Engineering Works Limited.
The Proposed Combination envisages the following:
Block Deal: Acquisition of 7.14% shareholding in Llyods Engineering Works Limited (LEWL) by
Thriveni Earthmovers Private Limited (TEMPL) on the BSE Limited on 09th February 2026.
Merger: Merger by absorption, of Lloyds Infrastructure & Construction Limited (LICL), Metalfab
Hightech Private Limited (MHPL) and Techno Industries Private Limited (TIPL) into LEWL, which is
the surviving entity pursuant to the merger.
TEMPL provides contract mining services, including exploration, drilling, mining, excavation, hauling,
sizing, processing and transportation of minerals. It is also engaged in coal trading, manufacture of solid
blocks, and investment activities.
LEWL is involved in the (i) design and manufacture of heavy equipment and machinery such as pressure
vessels, columns, heat exchangers, boilers, etc. for various sectors including hydrocarbon, naval, defense,
steel, power, and marine and (ii) construction contracting.
LICL is engaged in construction activities, including design, engineering and construction of road
infrastructure, industrial civil work, etc. and the erection and installation of steel structures, technological
structures and equipment, electrical components, etc.
MHPL is engaged in business of lightweight engineering of equipment with major focus on designing and
manufacturing of steel and technological structures. Its products include steel structures for the process
equipment, hanger rods, buckstays, steel girders, etc.
TIPL is engaged in manufacturing elevators, escalators, motors and pumps.
Detailed order of the Commission will follow.
*****
NB/ONP
(Release ID: 2260405) Visitor Counter : 114
Read this release in: Urdu , ही