Lloyds Metals Acquires Nearly 80% Stake In Thriveni Earthmovers: Strategic Move To Strengthen Mining Capabilities
In a significant development in India’s mining and steel sector consolidation, Lloyds Metals and Energy Ltd (LMEL) has acquired nearly 80% stake in Thriveni Earthmovers Private Limited (TEPL), one of India’s largest mining services companies. The acquisition marks a major strategic step to expand Lloyds’ integrated mining-to-steel operations and strengthen raw material security amid rising…
