Mumbai, September 16 (Patrika English News). Shares of Lloyds Engineering Works Ltd (LEWL) traded higher on Tuesday after the company announced a strategic partnership with CEMI Process Optimization Brazil and CEMI Process Optimization LLC.
The stock opened at ₹64.56 on the BSE and touched a high of ₹66.25 before trading at ₹65.53, up ₹1.06 or 1.64% from the previous close. Around 1.82 lakh shares changed hands during the session. The company’s market capitalisation stands at ₹9,674.05 crore.
Under the agreement, Lloyds Engineering Works will represent CEMI in the Indian market, promoting and selling its full range of products and services, including software solutions and specialised equipment for process optimisation.
The partnership combines Lloyds Engineering’s expertise in project execution, engineering design, and industrial integration with CEMI’s advanced digital optimisation tools. The collaboration aims to deliver end-to-end solutions spanning plant design, equipment, and digital process optimisation.
Lloyds Engineering Works, formerly known as Lloyds Steels Industries, is engaged in designing and manufacturing heavy equipment, machinery, and systems for sectors including hydrocarbons, oil & gas, steel, power, nuclear plant boilers, and turnkey infrastructure projects.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
