LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange regarding ''General Announcements"
LLOYDSENGG · price
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Lloyds Engineering Works Limited (LEWL) has signed an expanded cross-border agreement with The Material Works Limited (TMW), USA, giving it exclusive rights to design, manufacture, market, and deploy the patented Eco Pickled Surface (EPS) technology globally (excluding China, Macao, Hong Kong, Taiwan, and a 350-mile radius of Red Bud, Illinois). EPS is a patented acid-less steel pickling solution that eliminates hazardous acid use, operates with zero liquid discharge, and is the first of its kind in the world. The technology addresses a large addressable market, as over 80% of cold steel products require pickling. LEWL already has a ₹50 crore order for EPS under execution, validating commercial viability before this global expansion. The company had previously introduced EPS in India in 2023 and is now scaling it for international customers and export-led growth.
This agreement opens significant export and global revenue opportunities for LEWL, positioning it as a pioneer in green steel pickling technology. The move could drive long-term growth, strengthen its technology portfolio, and be viewed positively by the market, though actual monetisation will depend on international order conversion.