Lloyds Engineering Works Forms JV With Techno Industries For Government Elevator Projects

Lloyds Engineering Works Limited (LEWL) has approved a joint venture framework with its subsidiary Techno Industries Private Limited (TIPL), marking its entry into the elevator and escalator space for government infrastructure projects. 

The proposed entity, named “Techno–Lloyds”, will come into effect only after a Letter of Intent is issued by the concerned government authority.

Key Development

The JV is designed to pool the strengths of both companies: TIPL brings more than 35 years of specialised experience in electrical systems and vertical transportation, while LEWL adds its execution capability in large engineering projects. 

The collaboration will enable the partners to participate in tenders for government-owned elevator and escalator installations, a segment gaining traction due to metro, railway station and public infrastructure expansions.

Financial Performance And Order Book Strength

LEWL recently reported a strong second quarter in FY26, registering revenue of ₹243.95 crore, an increase of 14.99% YoY. EBITDA came in at ₹45.25 crore, reflecting a 20.38% YoY rise. 

For the first half of FY26, revenue stood at ₹418.40 crore and EBITDA at ₹78.21 crore. The company also holds a consolidated order book of ₹1,580.99 crore as of September 30, 2025, giving visibility for future execution.

Lloyds Engineering Works Share Price Performance

As of November 07, 2025, Lloyds Engineering works share price is closed at ₹58.85 per share, reflecting a surge of 0.43% from the previous closing price.

Conclusion

The joint venture positions LEWL to expand into a new segment with growing government demand. Execution now depends on formal approval and receipt of the Letter of Intent.

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