CCI approves acquisition of 7.14% stake in Lloyds Engineering Works and merger of three entities
Hyderabad: Competition Commission of India (CCI) approves acquisition proposal involving Lloyds Engineering Works Limited. It cleared the acquisition of a 7.14% stake by Thriveni Earthmovers Private Limited. The Commission also approved the merger of three entities into the company.
The combination includes a block deal executed on February 9, 2026, through the BSE Limited. In that transaction, Thriveni Earthmovers acquired 7.14% shareholding in Lloyds Engineering Works Limited. Moreover, the approval covers the planned merger structure.
Under the merger plan, Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited will merge into Lloyds Engineering Works Limited. The latter will remain the surviving entity after absorption. Therefore, the restructuring will consolidate operations under one company.
Thriveni Earthmovers Private Limited operates contract mining services. It handles exploration, drilling, excavation, hauling, processing and transport of minerals. In addition, it engages in coal trading, manufacturing of solid blocks and investment activities.
Lloyds Engineering Works Limited designs and manufactures heavy equipment. Its products include pressure vessels, columns, heat exchangers and boilers. Furthermore, it serves sectors such as hydrocarbon, defence, steel, power, naval and marine industries. The company also undertakes construction contracting work.
CCI approves acquisition and merger under regulatory review
The CCI approves acquisition decision follows a detailed review of the proposed combination. The regulator examined the stake purchase and the merger structure. Consequently, it granted approval under competition law provisions.
Lloyds Infrastructure & Construction Limited focuses on road infrastructure and industrial civil works. It also works on steel structures and related installations. Meanwhile, Metalfab Hightech Private Limited specialises in lightweight engineering and steel structures for process equipment.
Techno Industries Private Limited manufactures elevators, escalators, motors and pumps. Therefore, the merger will integrate diverse engineering and manufacturing capabilities. The Commission stated that a detailed order will follow.
The approval marks a key regulatory step for the companies involved. It also allows the proposed restructuring to proceed under applicable legal processes. The transaction now moves forward in line with the Commission’s clearance.
