10 Oct 2025

Lloyds Engineering Works Shares Rise After MoU with FlyFocus for Advanced Defence Drone Development

Lloyds Engineering Works is currently trading at RS 62.95, up by 0.98 points or 1.58% from its previous close of RS 61.97 on the BSE.

The stock opened at RS 64.19 and touched an intraday high and low of RS 64.19 and RS 62.79 respectively. A total of 1,49,611 shares were traded so far.

The BSE Group ‘A’ stock with a face value of RS 1 has recorded a 52-week high of RS 84.26 (10-Jul-2025) and a 52-week low of RS 42.66 (07-Apr-2025). During the past week, the scrip traded between RS 64.19 (high) and RS 60.20 (low). The company’s current market capitalization stands at RS 9,312.91 crore.

As per the latest shareholding pattern, promoters hold 49.36%, while institutions and non-institutions hold 2.37% and 48.28%, respectively.

In a significant development, Lloyds Engineering Works (LEWL) has signed a Memorandum of Understanding (MoU) with FlyFocus Sp. z o.o., a Warsaw-based company specializing in unmanned aerial vehicles (UAVs) and avionics systems. The partnership aims to jointly develop and manufacture the Defender SIGINT UAV, an advanced platform designed for signals intelligence (SIGINT) and electronic surveillance applications.

Under this agreement, the Defender UAV will be developed exclusively with Lloyds Engineering for the Indian market, ensuring complete localisation, technology transfer, and indigenous production under the Make in India framework. The collaboration grants exclusive rights to Lloyds Engineering for Indian deployment and adaptation of the Defender UAV and will evolve into a joint production and technology transfer program, supporting the Atmanirbhar Bharat initiative.

Additionally, the agreement opens export opportunities, especially with rising European defence spending and growing global demand for advanced unmanned systems.

Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a leading designer and manufacturer of heavy equipment, machinery, and systems catering to the hydrocarbon, oil & gas, steel, power, and nuclear sectors, as well as turnkey industrial projects.