Lloyds Engineering Works Ltd forms Subsidiary Lloyds Advance Defence Systems Ltd to Spearhead Strategic Push into Defence Sector

Lloyds Engineering Works Limited (LEWL), is pleased to announce the incorporation of its Wholly Owned Subsidiary (WOS), Lloyds Advance Defence Systems Limited.

Strategic Rationale: A Dedicated Vehicle for High-Growth Defence Opportunities

The incorporation of Lloyds Advance Defence Systems Limited marks a definitive step in the Company's roadmap to become a significant player in the defence landscape. The Company firmly believes that the defence vertical holds immense strategic importance and offers substantial growth potential for the future. By establishing a 100% subsidiary, LEWL is creating a focused entity dedicated exclusively to the rigorous demands of the sector enabling agility, specialised compliance, and a concentrated approach to indigenous manufacturing.

Consolidating Technological "Know-How" Through Global Partnerships To ensure this new vertical is backed by world-class technology, LEWL has recently executed multiple strategic Agreements and Memorandums of Understanding (MoUs) with international partners. These collaborations bring critical "know-how" and technological impetus to Lloyds Advance Defence Systems Limited, positioning it to deliver advanced solutions immediately.

Recent strategic technology tie-ups include:

- Advanced Drone Technologies (Air): A strategic partnership with FlyFocus Sp. z o.o. (Poland) to jointly introduce advanced First Person View (FPV) drones. This collaboration complements the Company's existing "Defender" drone program and focuses on bringing next-generation, rapid-response tactical UAVs to India.

- Marine & Underwater Systems (Sea): Execution of definitive agreements with Kliver Polska Sp. z o.o. (Poland) for the design and prototyping of critical marine infrastructure, including Towed Reels for multifunctional underwater platforms and Operational Test Tilt Stands.

- Radar Technology (Land/Civil): An agreement with Virtualabs S.r.l. (Italy) for the development of cutting-edge radar technology applicable to both defence and civil domains.

- Fincantieri S.p.A: The collaboration between the two companies builds for the joint design and production of Advanced Steering Gear Systems, Fin Stabilizer Systems, Azimuthal Thrusters, and Transversal Tunnel Thrusters.

By securing high-level technology tie-ups and complementing them with its proven execution capabilities, LEWL is confident in its ability to deliver world-class defence equipment tailored to India's growing security needs. The Company is fully aligned with the nation's focus on indigenous manufacturing, ensuring that advanced defence solutions are not just adopted but built within the country. LEWL believes that this strategic synergy of global technology and robust local execution will serve as a cornerstone in the Company's growth trajectory, driving sustained value creation in the years ahead.

Shares of Lloyds Engineering Works Limited was last trading in BSE at Rs. 50.60 as compared to the previous close of Rs. 51.35. The total number of shares traded during the day was 149426 in over 826 trades.

The stock hit an intraday high of Rs. 51.50 and intraday low of 50.30. The net turnover during the day was Rs. 7581252.00.

Source : Equity Bulls

Keywords

LloydsEngineeringWorks INE093R01011 Subsidiary LloydsAdvanceDefenceSystems