(20 second reading) Lloyds Engineering announced the acquisition of significant orders for naval equipment. The orders, valued at Rs. 81 crores, encompass Ship steering gears System and Ship stabiliser systems, and are slated for execution over the course of three years.
These orders, in respect to new ships being built, signify the company’s proactive stance in capturing the increasing demand resulting from the government’s heightened defence spending, Lloyds Engineering added.
This order not only signify a substantial revenue boost but also represent the company’s strategic shift towards emerging sectors.