CCI Approves Thriveni Earthmovers’ Acquisition of 7.14% Stake in…

Sarah J · 2026-05-12T17:36:17.000Z

India’s Competition Commission of India (CCI) has approved the acquisition of a 7.14% stake in Lloyds Engineering Works by Thriveni Earthmovers, marking a significant strategic investment in the engineering and industrial equipment sector. Thriveni Earthmovers, a leading Indian mining and excavation services provider, acquired over 10.57 crore equity shares of Lloyds Engineering Works through a block deal transaction valued at approximately ₹525 crore. Following the acquisition, Thriveni’s total holding in the company increased to around 9.05%. Lloyds Engineering Works is involved in the design and manufacturing of heavy engineering equipment and machinery serving sectors such as hydrocarbon, steel, defence, marine, naval, and construction. The company has increasingly expanded its presence in strategic industrial and infrastructure segments. The approval highlights growing consolidation and strategic investment activity within India’s industrial engineering and infrastructure ecosystem, where companies are strengthening capabilities through stake acquisitions and partnerships. Industry observers believe the investment could create long-term synergies between mining operations and heavy engineering manufacturing, particularly as India accelerates infrastructure development, defence production, and industrial expansion under initiatives such as “Make in India.” The development also reflects increasing investor confidence in India’s engineering and manufacturing sector amid rising government spending on infrastructure, industrial modernization, and strategic industries.

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CCI Approves Thriveni Earthmovers’ Acquisition of 7.14% Stake in… | SEINET