Lloyds Engineering Works saw a rise in its stock price, currently trading at Rs. 80.50, up by 0.42 points or 0.52% from its previous close of Rs. 80.08 on the BSE.

The stock opened at Rs. 80.06 and has fluctuated between a high of Rs. 81.39 and a low of Rs. 78.74. So far, 218,137 shares have changed hands.

This BSE 'A' group stock, with a face value of Rs. 1, reached its 52-week high of Rs. 93.49 on July 30, 2024, and a 52-week low of Rs. 40.24 on October 26, 2023. In the last week, the stock has seen a high of Rs. 81.67 and a low of Rs. 70.61. The company's current market capitalization stands at Rs. 9,197.10 crore.

The promoters hold 57.25% of the company, while Institutions own 2.26%, and Non-Institutions hold 40.49%.

The company has received approval from its Board of Directors to acquire the assets of Bhilai Engineering Corporation's Engineering Division. This acquisition aims to expand the business operations to new locations and is expected to be completed in 105 days.

Bhilai Engineering's division specializes in heavy engineering, manufacturing, and assembly testing, catering to sectors like defense, railways, nuclear, mining, and metallurgy. Lloyds' Board of Directors gave their approval during a meeting on October 10, 2024.

Lloyds Engineering Works, previously known as Lloyds Steels Industries, is a leading designer and manufacturer of heavy equipment and systems for the hydrocarbon, oil & gas, steel, power, and nuclear industries, also involved in turnkey projects.