
Lloyds Engineering Works has entered into 2 contract agreements with Kliver Polska of Poland on November 20, 2025. These agreements focus on the development of specialised engineering systems to support the company’s operational capabilities.
The first agreement covers the design, prototyping and delivery of a towed reel intended for a multifunctional underwater platform with a contract value of $1,63,900. The second agreement is for the design, prototyping and delivery of an operational test tilt stand valued at €3,10,000. Both agreements aim to support engineering requirements for advanced equipment development.
The towed reel project seeks to enable underwater platform operations by adding specialised handling capabilities. The test stand project focuses on creating an operational testing environment for tilt mechanisms. Kliver Polska will be responsible for delivering both systems as per the agreed scope, and the company has no shareholding relationship with Lloyds Engineering Works.
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The agreements do not impose any restrictions or liabilities on Lloyds Engineering Works beyond the delivery obligations of Kliver Polska. Both deals are independent and do not involve related party transactions. They also do not result in any management or control changes at Lloyds Engineering Works, as no board representation or share issuance is part of the agreements.
As of November 20, 2025, at 2:55 PM, Lloyds Engineering Works share price was trading at ₹56.65 up by 2.65% from the previous closing price.
The agreements between Lloyds Engineering Works and Kliver Polska mark a structured step towards developing new engineering components. With defined scopes and confirmed contract values, the collaborations align with the company’s ongoing operational objectives as disclosed to the exchanges.
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Published on: Nov 20, 2025, 3:39 PM IST

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