LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange about Agreements
LLOYDSENGG · price
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Lloyds Engineering Works Ltd (LEWL) has deepened its technology partnership with Italian shipbuilding major Fincantieri S.p.A. by adding two new marine propulsion systems to their existing collaboration. The new products are Controllable Pitch Propeller (CPP) Systems and Shafting Systems, which will be manufactured indigenously in India, making LEWL one of the first Indian companies to do so. This builds on their existing joint work on steering gear, fin stabilizers, and thrusters. The company highlighted that its defence sector order book has crossed Rs 100 crore in FY25, with strong growth prospects, and that this partnership supports the government's Atmanirbhar Bharat initiative for naval self-sufficiency.
This positions LEWL as a key player in India's defence and naval manufacturing, with potential for long-term revenue growth from both domestic and international naval programmes. The partnership and growing Rs 100 Cr+ defence order book are positive signals for the stock, though the announcement is about a capability expansion rather than a fresh order, so the immediate revenue impact may be limited.