Lloyds Engineering buys 51% stake in SISCOL for ₹626 crore
In short
Lloyds Engineering bought a 51% stake in SISCOL for ₹626 crore and now controls the steel fabrication firm. The report says SISCOL posted ₹817 crore revenue in FY26 and has steel fabrication capacity of 100,000 tonnes a year. It does not say how the purchase was financed or what changes will come next. In this story, a controlling stake means the buyer can make major decisions for the company. This matters because takeovers can change competition, production capacity and earnings expectations in industrial stocks.
What the reporting says
Lloyds Engineering acquired a 51% stake in SISCOL for ₹626 crore, gaining control of the steel fabrication firm, according to publisher-supplied reporting. The sources say SISCOL reported ₹817 crore revenue in FY26 and has capacity of 100,000 tonnes a year. The immediate consequence is a change in ownership and control, while integration details are not stated.
Why it matters
Lloyds Engineering acquired control of SISCOL by buying a 51% stake for ₹626 crore. The reporting says SISCOL had ₹817 crore revenue in FY26 and 100,000 tonnes a year of fabrication capacity. The main affected parties are Lloyds Engineering, SISCOL and investors tracking steel fabrication and industrial expansion.