Lloyds Metals & Energy acquires major stake in Thriveni Earthmovers, aiming for robust growth in mining.

Lloyds Metals & Energy has acquired a significant 79.82% stake in Thriveni Earthmovers, led by MD B. Prabhakaran. This strategic move is expected to generate Rs27,000 crore in cumulative revenues and Rs9,000 crore in EBITDA by FY28. The acquisition aims to enhance mining operations, streamline costs, and uphold sustainable practices, fostering growth in the mining and infrastructure sectors.

3 months ago
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