Lloyds Engineering Works Arm Secures ₹19.58 Cr Mumbai Railway Contract for Escalator Project

In a significant boost to its growing infrastructure footprint, Techno Industries Private Limited (TI), a key subsidiary of Lloyds Engineering Works, has bagged a ₹19.58 crore order from Mumbai Railway Vikas Corporation (MRVC). The order involves escalator design, manufacturing, installation, and maintenance, marking a notable step in the company's nationwide expansion efforts.

Strategic Win for Techno Industries Outside Gujarat

The contract awarded by MRVC includes comprehensive work: design, manufacture, supply, installation, testing, commissioning, and ongoing maintenance of escalators. This project not only reinforces TI’s execution capabilities but also marks a pivotal milestone as its first major order outside of Gujarat. The leadership believes this opens the door to long-term engagements in India's rapidly evolving railway infrastructure sector.

Escalator Order Boosts Growing Portfolio

With the new ₹19.58 crore order, TI’s confirmed escalator order book now stands at ₹82.86 crore. Lloyds Engineering has laid out a focused strategy to deepen TI’s reach across Tier 2 and Tier 3 cities. Simultaneously, the company is venturing into industrial lifts, parking systems, and allied products, including motors and pumps, with an eye on both domestic and export markets.

About Lloyds Engineering Ltd

Lloyds Engineering Works Limited, established in 1994, is a full-service engineering solutions provider catering to sectors like oil & gas, steel, carbon, nuclear, and power. With manufacturing bases in Murbad (Thane) and its Mumbai head office, the company offers complete design-to-installation services.

Through Techno Industries, Lloyds is now actively strengthening its presence in public infrastructure, with Indian Railways forming a central part of its growth strategy.

Also Read: L&T Secures A Large EPC Order From Hindustan Zinc!

Lloyd Engineering Works Share Price Performance 

As of August 4, 2025, at 1:14 PM, Lloyd Engineering Works share price is trading at ₹71.17 per share, reflecting a gain of 3.13%. Over the past month, the stock has declined by 11.52%.

Conclusion

This contract win signals a new chapter for Techno Industries as it steps firmly into the national arena. With a growing order book and a diversified expansion strategy, the company is positioning itself as a leading player in India’s vertical mobility and public infrastructure segments.

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