Lloyds Engineering Works Limited (LEWL) has made a significant announcement that reinforces its strategic ambitions in India’s rapidly evolving infrastructure and transportation ecosystem. Techno Industries Private Limited (TI), a subsidiary of LEWL, has secured a ₹19.58 crore escalator and AMC (Annual Maintenance Contract) order from Mumbai Railway Vikas Corporation Limited (MRVC).

This newly awarded project includes the design, manufacturing, supply, installation, testing, commissioning, and maintenance of escalators across railway facilities managed by MRVC. The order strengthens TI’s footprint in the burgeoning railway sector, reflecting a robust alignment with the Indian government’s aggressive push towards modernizing railway infrastructure.

With this order, Techno Industries’ confirmed order book now stands at ₹82.86 crore, showcasing significant growth potential and market demand. The contract is especially noteworthy as it expands TI's operations beyond its home base of Gujarat, enhancing the company's geographical footprint and reinforcing its national presence.

Strategic Importance of the MRVC Order

The escalator order secured from MRVC is not just another project—it marks a pivotal moment in TI’s expansion narrative. It is a testament to Lloyds Engineering Works Limited’s multi-pronged strategy, which involves:

• Entering high-growth public infrastructure sectors, such as railways and metro transport

• Diversifying product and service offerings, including elevators, parking systems, motors, and pumps

• Expanding operations beyond regional markets, and

• Creating a stronger presence in Tier-2 and Tier-3 cities

By executing this order successfully, TI is expected to cement its credentials as a reliable partner in public infrastructure execution and maintenance.

Broader Implications for Lloyds Engineering Works Limited (LEWL)

The order has strong implications for the growth trajectory of Lloyds Engineering Works, a company with a legacy of delivering heavy engineering and turnkey projects since 1994. Known for providing customized process plant equipment, LEWL operates across key industrial sectors such as:

• Carbon Processing

• Oil & Gas

• Steel Plants

• Power Generation

• Boiler Systems for Nuclear Plants

• Heavy Industrial Machinery

LEWL’s expansion into the railway escalator market is a logical progression of its technical capabilities, tapping into the multi-billion rupee opportunity within India's public transport overhaul initiatives.

Strategic Geographical Expansion

The significance of this order also lies in its location outside Gujarat, which has traditionally been TI's primary operating area. The Mumbai contract signals a bold geographical expansion, paving the way for similar projects across major railway junctions, metro stations, and urban transit centers.

The contract aligns with the government’s “Make in India” and urban development agendas, which emphasize indigenous manufacturing, quality engineering, and enhanced passenger safety in public infrastructure.

Techno Industries’ Expanding Product Portfolio

TI is not limiting itself to escalators. As part of its parent company LEWL’s strategic roadmap, it is gradually expanding its product portfolio, which includes:

• Industrial Elevators

• Smart Parking Systems

• Motors and Pumps

• Export-Ready Engineering Solutions

This diversification strategy is aimed at risk mitigation, revenue enhancement, and technological leadership, enabling TI to serve broader verticals with better economies of scale.

Financial Impact and Forward Outlook

The ₹19.58 crore order is expected to generate steady revenue over its execution and AMC tenure, enhancing cash flow visibility and operating margin stability for Techno Industries. The order book of ₹82.86 crore is a strong indicator of continued business momentum.

Furthermore, with multiple infrastructure projects in India being rolled out under schemes like PM Gati Shakti, Smart Cities Mission, and Urban Mobility Initiatives, TI and LEWL are well-positioned to benefit from ongoing public sector CAPEX.

LEWL’s Strong Manufacturing Backbone

LEWL’s reputation is anchored in its state-of-the-art manufacturing units in Murbad, Thane, which are approved by respected institutions like:

• Industrial Boiler Regulatory Authority

• SGS UK

• Petroleum and Explosives Safety Organisation

This strong industrial backing ensures high-quality execution, compliance with international safety standards, and timely delivery, which are critical in large-scale government infrastructure projects.

Leadership and Vision

The order was formally disclosed through an official letter to the BSE and NSE by Mr. Mukesh Rajnarayan Gupta, Chairman and Whole Time Director of LEWL. His leadership has been instrumental in strategizing LEWL’s future roadmap, particularly in scaling up its subsidiaries, embracing smart engineering solutions, and entering future-ready verticals.

The communication also referenced the prior disclosure made on August 01, 2025 (letter RS/LLOYDSENGG/BSEL-NSEL/2025/74), ensuring that the company remains transparent and compliant with SEBI's listing and disclosure obligations.

Conclusion: A Strategic Leap Forward

This MRVC escalator order is not just a business win—it’s a strategic leap that signifies Lloyds Engineering Works Limited’s entry into core railway infrastructure development. By executing this project effectively, Techno Industries can build a track record in India’s railway modernization wave, while also:

• Enhancing its brand equity

• Diversifying its order portfolio

• Building long-term institutional client relationships

Backed by technical excellence, agile leadership, and a visionary expansion strategy, LEWL and its subsidiary TI are poised to capture high-value opportunities in India’s infrastructure and public transportation sectors for years to come.

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