Lloyds Engineering Works gains on getting nod to acquire assets of engineering division of Bhilai Engineering
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Lloyds Engineering Works is currently trading at Rs. 80.50, up by 0.42 points or 0.52% from its previous closing of Rs. 80.08 on the BSE.
The scrip opened at Rs. 80.06 and has touched a high and low of Rs. 81.39 and Rs. 78.74 respectively. So far 218137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 93.49 on 30-Jul-2024 and a 52 week low of Rs. 40.24 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 81.67 and Rs. 70.61 respectively. The current market cap of the company is Rs. 9197.10 crore.
The promoters holding in the company stood at 57.25%, while Institutions and Non-Institutions held 2.26% and 40.49% respectively.
Lloyds Engineering Works has received approval from Board of Directors for acquisition of assets of Engineering Division of Bhilai Engineering Corporation. The objective of acquisition is to expand same line of business / activities at different locations. The said acquisition will be completed in 105 days.
An heavy engineering & manufacturing divisions are having complete in house facilities for detailed engineering, manufacturing and assembly testing, catering to defence, railways, nuclear, mining, metallurgy. The Board of Directors of Lloyds Engineering Works at their meeting held on October 10, 2024 has considered and approved the same.
Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.
