Lloyds Enterprises Ltd's subsidiary Lloyds Realty Developers Ltd signs MOU to develop a large-scale warehousing and logistics park at Taloja

Lloyds Enterprises Limited is pleased to announce that its subsidiary, Lloyds Realty Developers Limited (LRDL), has signed a non-binding Memorandum of Understanding (MoU) with Calculus Logistech Pvt Ltd (CLPL) and its existing shareholders.

This MOU marks LRDL's strategic entry into the fast-growing warehousing and logistics infrastructure sector, leveraging a prime ~99-acre land parcel in Taloja, Navi Mumbai region, with an additional potential of ~32 acres of aggregation.

As per the MOU:

- LRDL will acquire a 51% equity stake in CLPL for INR 60 crores.

- LRDL will extend up to INR 242 crores as structured secured debt to CLPL for contiguous land aggregation and regulatory approvals.

- The land parcel is envisioned to be developed into a world-class logistics and warehousing hub, with possibilities for industrial or data centre use, enabling strong value creation through eventual sale or lease to end-users.

- Taloja is a well-developed industrial hub located just 40 km from central Mumbai, and is already home to several major industries

The entire land aggregation is expected to be completed within 9 months following the definitive agreements, and the subsequent sale or lease of developed plots is targeted within around 24 months post-aggregation.

This project has the potential to become a substantial revenue generator for LRDL, with an estimated total revenue potential exceeding INR 1,250 crores over approximately three to four years, depending on final land use and market absorption.

This initiative aligns with Lloyd's strategic vision to diversify and enhance value for its shareholders by venturing into high-potential real asset classes, complementing its existing investments in engineering, metals, and related sectors.

The transaction remains subject to completion of definitive agreements, detailed due diligence, and necessary regulatory compliances within the next 60 days.

Shares of Lloyds Enterprises Ltd. was last trading in BSE at Rs. 90.65 as compared to the previous close of Rs. 93.00. The total number of shares traded during the day was 498112 in over 3382 trades.

The stock hit an intraday high of Rs. 93.53 and intraday low of 90.01. The net turnover during the day was Rs. 45588582.00.

Source : Equity Bulls

Keywords

LloydsEnterprises LloydsRealtyDevelopers MoU CalculusLogistech