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2025-10-10 11:53:29 am | Source: Accord Fintech
Lloyds Engineering Works rises on entering into MoU with FlyFocus
Lloyds Engineering Works rises on entering into MoU with FlyFocus

Lloyds Engineering Works is currently trading at Rs 62.95, up by 0.98 points or 1.58% from its previous closing of Rs 61.97 on the BSE.

The scrip opened at Rs 64.19 and has touched a high and low of Rs 64.19 and Rs 62.79 respectively. So far 149611 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 64.19 and Rs 60.20 respectively. The current market cap of the company is Rs 9312.91 crore.

The promoters holding in the company stood at 49.36%, while Institutions and Non-Institutions held 2.37% and 48.28% respectively.

Lloyds Engineering Works (LEWL) has entered into a Memorandum of Understanding (MoU) with FlyFocus Sp. z o.o., a Warsaw-based specialist in unmanned aerial vehicles (UAVs) - commonly known as drones - and avionics systems, to jointly develop and manufacture the Defender SIGINT UAV, a next-generation platform for signals intelligence (SIGINT) and electronic surveillance applications. 

Under this MoU, the Defender UAV (Drone) will be developed exclusively with Lloyds Engineering for India, ensuring complete localisation, technology transfer, and eventual indigenous production under the Make in India framework. The collaboration provides exclusive rights to Lloyds Engineering for Indian deployment and adaptation of the Defender UAV (Drone). The partnership will evolve into a technology-transfer and joint-production program, aligned with Atmanirbhar Bharat and Make in India missions. The agreement also opens export potential, as rising European defence spending and global demand for advanced unmanned systems create new market opportunities.

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.

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