CCI Approves Thriveni Earthmovers Stake Buy in Lloyds Engineering, Merger of Three Firms

Competition Commission of India (CCI) has approved the acquisition of a 7.14% stake in Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited, along with the merger of three entities into Lloyds Engineering Works Limited.

Under the transaction, Thriveni Earthmovers acquired the stake through a block deal on BSE on February 9, 2026. The approved merger also involves the absorption of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited and Techno Industries Private Limited into Lloyds Engineering Works, which will remain the surviving entity.

Thriveni Earthmovers operates in contract mining, coal trading and related businesses, while Lloyds Engineering Works manufactures heavy equipment and machinery for sectors including hydrocarbon, defence, steel and power.

The merger is expected to strengthen Lloyds Engineering’s engineering, infrastructure and manufacturing capabilities across multiple industrial segments.

📅 Published on: 13 May 2026

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