Lloyds Engineering Secures ₹613 Crore Order with SAIL Consortium
Filing Summary
Lloyds Engineering Works Ltd has been awarded a contract as part of a consortium with Primetals Technologies India Pvt. Ltd and Primetals Technologies Austria GmbH. The contract, valued at ₹613 crore and €18 million, involves the design and execution of a 4.2 MTPA Pellet Plant Complex at SAIL’s IISCO Steel Plant in Burnpur, West Bengal. The project is scheduled for completion within 39 months. This order does not involve related party transactions. Lloyds Engineering will handle detailed design, engineering, and supply of critical equipment.
Lloyds Engineering Works Ltd has announced its selection as a consortium partner alongside Primetals Technologies India Pvt. Ltd and Primetals Technologies Austria GmbH. The consortium has secured a contract from SAIL – IISCO Steel Plant for the design and execution of a 4.2 MTPA Pellet Plant Complex located in Burnpur, West Bengal. The contract is valued at ₹613 crore and €18 million.
The financial terms of the contract include a total consortium value of approximately ₹613 crore for the Indian portion and €18 million for the Euro portion. Lloyds Engineering Works Ltd will collaborate with its consortium partners to fulfill the financial obligations of the project. The contract does not involve any related party transactions, and the parties are not related to the promoter or promoter group of Lloyds Engineering Works Ltd.
The scope of the project involves the detailed design and engineering of the Pellet Plant Complex. Lloyds Engineering Works Ltd will also supply critical process equipment and systems necessary for the project. The company is responsible for ensuring that the design and engineering meet the specifications outlined in the contract. The project aims to enhance the operational capabilities of the SAIL – IISCO Steel Plant.
The contract is a domestic order awarded by SAIL – IISCO Steel Plant, a significant entity in India’s steel industry. The project is part of SAIL’s efforts to expand and modernize its facilities. Lloyds Engineering Works Ltd’s involvement in this project underscores its role as a key player in the engineering sector, particularly in projects related to steel production and infrastructure development.
The timeline for the project is set at 39 months from the effective date of the contract. This period includes all phases of the project, from initial design to final execution. Lloyds Engineering Works Ltd, along with its consortium partners, will work to ensure that the project is completed within the stipulated timeframe.
Primetals Technologies, a partner in this consortium, is known for its expertise in engineering and plant construction for the metals industry. The collaboration with Lloyds Engineering Works Ltd is part of its strategy to engage in high-value projects in the steel sector.
Lloyds Engineering Works Ltd, established in 1994, specializes in providing customized process plant equipment. The company offers comprehensive engineering and infrastructure solutions, including design, manufacturing, fabrication, and installation. Its operations cover various sectors such as steel, hydrocarbons, and power plants. Lloyds Engineering Works Ltd continues to focus on expanding its technical capabilities and strategic partnerships to participate in large-scale industrial projects.