The Company has entered a Joint Venture with LIyods Realty Developers Ltd and Smartquip Properties Pvt Ltd
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India Steel Works Ltd (Scrip Code: 513361) has formally entered into a Joint Venture with Lloyds Realty Developers Ltd (a wholly-owned subsidiary of Lloyds Enterprises Ltd) and Smartquip Properties Pvt Ltd. The new JV entity will operate under the name 'LLOYDS IHL LLP'. This follows an earlier MOU signed on 29-05-2025 and approval at the Board Meeting held on 17-07-2025. The company has filed this intimation with BSE on 30-07-2025. The JV combines India's steel company with a real estate developer and a properties firm, suggesting a possible diversification move into real estate or property development.
This is a strategic diversification into real estate through a JV with an established brand (Lloyds Enterprises). Shareholders should watch for further details on the JV's capital structure, business scope, and revenue contribution, as the steel maker is now exposed to the real estate sector.