Lloyd Metals and Energy Acquire 79.82% Stake in Thriveni Earthmovers

LMEL, a prominent player in the metals and energy sector, has completed a major acquisition by securing a substantial stake in TEIL. This action supports LMEL’s strategic goals for development and broader market reach.

Acquisition Approval

Lloyds Metals and Energy Limited (LMEL) has decided to acquire a majority stake in Thriveni Earthmovers and Infra Private Limited (TEIL). The company will subscribe to 70 crore equity shares, representing 79.82% of TEIL’s total share capital for an investment of ₹70 crore. This step aligns with its growth strategy and expansion plans.  

Company’s Next Steps

With this acquisition, LMEL is set to expand its operations and enhance its capabilities. The strategic move is expected to create synergies, drive growth and contribute to long-term business success. The company remains committed to its vision and industry leadership.  

About the company

Lloyds Metals and Energy Limited (LMEL) is a growing player in the metals and energy sector, focused on expansion, efficiency and transparency. Through strategic investments, the company aims to strengthen its market position and drive long-term growth. 

Share Performance 

As of February 18, 2025, at 12:35 PM, with a market capitalisation of ₹577.19 billion, the shares of LMEL are trading at ₹1,107 per share, down 2.01% from the previous day’s closing price. Over the past month, the stock has registered a loss of 20.71%. The stock’s 52-week high stands at ₹1,478 per share, while its 52-week low is ₹531 per share.

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