Lloyds Engineering Works gains on partnering with Fincantieri S.p.A
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Lloyds Engineering Works is currently trading at Rs. 74.80, up by 0.69 points or 0.93% from its previous closing of Rs. 74.11 on the BSE.
The scrip opened at Rs. 74.71 and has touched a high and low of Rs. 76.20 and Rs. 74.20 respectively. So far 467193 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. 40.77 on 29-Dec-2023.
Last one week high and low of the scrip stood at Rs. 76.20 and Rs. 65.66 respectively. The current market cap of the company is Rs. 8699.33 crore.
The promoters holding in the company stood at 57.25%, while Institutions and Non-Institutions held 2.39% and 40.36% respectively.
Lloyds Engineering Works (Lloyds) has entered a strategic partnership with Fincantieri S.p.A., a global leader in shipbuilding. This collaboration aims to jointly manufacture high-quality products for the Indian Navy and Coast Guard, enhancing India’s defence manufacturing capabilities and supporting the country’s self-reliance in this critical sector.
This collaboration with Fincantieri marks a significant milestone in the company’s journey, further enhancing avenues for growth within the Defence Sector. Its strategy focuses on niche segments, delivering differentiated products, driving sustainable growth and strong margins.
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.
