Madhu Kela Joins Lloyds Engineering via Rs 1,073 Crore SISCOL Acquisition

Lloyds Engineering has announced a massive strategic expansion through the acquisition of an 88.12% stake in Steel Infra Solutions Company (SISCOL). This landmark deal, valued at approximately Rs 1,073 crore, will see veteran investor Madhu Kela’s firm, MK Ventures, transition into a significant shareholder in Lloyds Engineering.

The Strategic Deal Structure and Valuation

The acquisition of SISCOL is structured through a sophisticated combination of cash and share swaps. Lloyds Engineering will directly acquire a 52.16% stake in SISCOL for roughly Rs 635.4 crore. To complete the 88.12% majority stake, group entities Lloyds Enterprises and Streamland Estate LLP will each acquire a 17.98% stake for Rs 219 crore.

The total transaction values SISCOL at approximately Rs 1,220 crore. To facilitate the transfer of ownership, Lloyds Engineering’s board has approved a preferential issue of up to 7.06 crore equity shares, worth Rs 503.56 crore, to SISCOL's selling shareholders. Additionally, a separate preferential issue of 7 lakh shares worth Rs 4.99 crore has been approved for cash. These proposals are awaiting shareholder approval at an extraordinary general meeting scheduled for July 15.

Madhu Kela’s Entry into Lloyds Engineering

A key highlight of this transaction is the involvement of boutique investment firm MK Ventures, owned by renowned market veteran Madhu Kela. Currently, MK Ventures holds a 4.27% stake in SISCOL.

As part of the share swap mechanism, MK Ventures will transfer 17.33 lakh shares of SISCOL. In exchange, the firm will receive approximately 72.95 lakh equity shares of Lloyds Engineering through a preferential allotment. This move effectively pivots Kela’s interest from the target company to the acquiring entity, making him a key investor in the expanded Lloyds Engineering ecosystem.

Scaling Infrastructure and EPC Capabilities

This acquisition is a major play to dominate the engineering, structural fabrication, and EPC (Engineering, Procurement, and Construction) sectors. SISCOL brings an impressive track record, having executed 187 structural steel projects across 22 Indian states since 2018. Their portfolio includes high-profile assets such as Delhi Airport Terminal 1, Noida International Airport, and the Dwarka Convention Centre.

통합 법인은 다음과 같은 강력한 산업 역량을 보유하게 됩니다:

  • 제조 및 설계: 10개 이상의 제조 시설과 6개의 엔지니어링/설계 센터.
  • 제작 역량: 연간 15만(1.5 lakh) 메트릭 톤(MTPA)의 초기 구조물 제작 역량을 갖추고 있으며, 이를 20만(2 lakh) MTPA로 확대하기 위한 로드맵을 보유하고 있습니다.
  • 고객 생태계: L&T, Tata Projects, Adani Group, Shapoorji Pallonji, DP World를 포함한 우량(blue-chip) 고객사 네트워크 확보.

SISCOL의 전문성을 통합함으로써, Lloyds Engineering는 국방, 데이터 센터, 운송, 도시 개발과 같은 핵심 분야에 대해 설계부터 인도까지 아우르는 "design-to-delivery" 엔드 투 엔드 솔루션을 제공하는 것을 목표로 합니다.

핵심 요약

  • 주요 통합: Lloyds Engineering는 EPC 및 구조물 제작 분야의 입지를 강화하기 위해 1,073억 루피(Rs 1,073 crore) 규모의 거래를 통해 SISCOL의 지분 88.12%를 인수합니다.
  • 투자자 참여: 베테랑 투자자인 Madhu Kela(MK Ventures를 통해)는 주식 스왑 계약의 일환으로 Lloyds Engineering 주식 약 730만(73 lakh) 주를 받게 됩니다.
  • 규모 확대: 이번 합병을 통해 10개 이상의 제조 공장을 보유한 강력한 기업이 탄생하며, 구조물 제작 역량을 20만(2 lakh) MTPA로 확대하기 위한 로드맵을 갖추게 됩니다.