Lloyds Engineering Works moves up on entering into purchase agreement with The Materials Works
Lloyds Engineering Works is currently trading at Rs. 51.19, up by 0.20 points or 0.39% from its previous closing of Rs. 50.99 on the BSE.
The scrip opened at Rs. 51.06 and has touched a high and low of Rs. 51.38 and Rs. 49.94 respectively. So far 164921 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.26 on 10-Jul-2025 and a 52 week low of Rs. 42.66 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 57.45 and Rs. 49.94 respectively. The current market cap of the company is Rs. 7535.77 crore.
The promoters holding in the company stood at 49.26%, while Institutions and Non-Institutions held 2.32% and 48.42% respectively.
Lloyds Engineering Works has entered into Purchase Agreement with The Materials Works (TMW), USA to enable company to design, manufacture and sell EPS Gen 4 cells across the globe excluding China, Macao, Hong Kong, Taiwan and within a 350-mile radius of Red Bud, Illinois, United States. TMW shall provide a license and rights to its EPS Gen 4 Technology (along with the Patented Technology) and provide related technical support services to the company, according to the terms of payment and obligations agreed upon.
The company shall be entitled to manufacture and sell unlimited EPS cells using the Patented Technology with paying agreed Earnout payment to TMW for certain period of time as mentioned in the Purchase Agreement.
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.
