Lloyds Metals Completes the Acquisition of 79.82% Stake in Thriveni Earthmovers
By Shishta Dutta | Updated at: Oct 30, 2025 12:23 PM IST
Mumbai, July 1 – Lloyds Metals and Energy Ltd (BSE: 512455, NSE: LLOYDSME) has officially completed the acquisition of a majority stake in Thriveni Earthmovers and Infra Private Limited (TEIL), making the mining services firm its subsidiary with effect from July 1, 2025.
This transaction ensures operational stability and financing support for TEIL’s ongoing MDO (Mining Development and Operations) projects.
The acquisition follows the allotment of 70 crore equity shares, representing 79.82% of TEIL’s total issued and paid-up capital, to Lloyds Metals for a total consideration of ₹70 crore.
The share price of Lloyds Metals and Energy Ltd. is traded at ₹1580 on 1 July 2025, having declined by −0.81% as a result.
The transaction was executed by the Share Subscription Agreement dated February 17, 2025, following the NCLT’s final approval of the MDO business demerger from Thriveni Earthmovers Private Limited (TEMPL) into TEIL on June 12, 2025.
Shareholding Change Summary
| Particulars | Pre-Acquisition | Post-Acquisition |
|---|---|---|
| Lloyds Stake in TEIL | 0% | 79.82% |
| Shares Held | 0 | 70,00,00,000 |
| Total Consideration | NA | ₹70 crore |
| Effective Date | NA | July 1, 2025 |
Strategic Deal Snapshot
| Parameter | Details |
|---|---|
| Target Company | Thriveni Earthmovers and Infra Pvt Ltd (TEIL) |
| Acquirer | Lloyds Metals and Energy Ltd |
| % Stake Acquired | 79.82% |
| Mode of Acquisition | Share Allotment (Subscription to Equity Shares) |
| Consideration | ₹70 crore |
| Key Regulatory Approval | CCI & NCLT (Order issued June 12, 2025) |
| Relevant SEBI Regulation | Regulation 30(7), LODR Regulations |
Strategic Rationale & Benefits
TEIL is now positioned as a long-term value driver for LMEL. As the demerged MDO business from TEMPL, TEIL secures long-term mining contracts for iron ore, coal, barytes, and other commodities, operating across India and Indonesia.
“The integration is expected to bring cost optimisation at the group level, reduce iron ore mining costs, and boost LMEL’s consolidated financial performance,” the company stated.
TEIL currently handles contracts totalling 71 million tonnes, which are expected to increase to 123.9 million tonnes in the coming years. The Surjagarh Iron Ore Mine—a key strategic site for LMEL—is also operated under TEIL’s MDO contract, giving the acquirer vertical control.
The acquisition also furthers LMEL’s ESG agenda. TEIL is a pioneer in green mining practices, using electric excavators and LNG dual-fuel equipment to reduce emissions.
Management Outlook
With TEIL’s stable, contract-based model now embedded within the LMEL ecosystem, the company aims to:
- Enhance cash flow predictability
- Expand domestic and international mining footprint
- Drive long-term scalability through a reliable mining services platform
The company confirmed that a separate exchange intimation will follow upon the credit of shares to its demat account.
About Lloyds Metals and Energy Ltd
Lloyds Metals and Energy Ltd is listed on BSE and NSE under the ticker LLOYDSME. It is a leading player in the Indian metals and mining sector, with operations spanning iron ore mining, sponge iron production, and power generation. The company has aggressively expanded its integrated mining-to-metals value chain over the past few years.
REF: https://nsearchives.nseindia.com/corporate/LLOYDSME_01072025140151_20250701_Intimation_of_update_on_TEIL.pdf
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