# Lloyds Metals acquires 79.82% stake in Thriveni Earthmovers

Lloyds Metals and Energy Limited announced the acquisition of a 79.82% equity stake in Thriveni Earthmovers Private Limited for ₹70 crore, to bolster its mining and logistics operations.

- Type: Acquisition
- Announced: 2024-12-19
- Where: India
- Value: $8.40M (700.0M INR)
- Status: announced
- Capacity: 25 million tonnes annually (iron ore)
- Products: mining services, mine development, logistics
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lloyds Metals and Energy](https://endata.com/companies/14384.md) (acquirer)
- [Thriveni Earthmovers](https://endata.com/companies/47105.md) (target)

## Sources

- [angelone.in](https://www.angelone.in/news/share-market/lloyds-metals-acquires-79-82-percent-stake-in-thriveni-earthmovers-strategic-expansion-unveiled), 2024-12-19: "Lloyds Metals to acquire 79.82% in Thriveni Earthmovers, a strategic move to bolster its position in mining and logistics."
- [business-standard.com](https://www.business-standard.com/content/press-releases-ani/lloyds-metals-and-energy-md-b-prabhakaran-leads-major-stake-in-thriveni-earthmovers-acquisition-125010400449_1.html), 2025-01-04: "This acquisition will secure a robust order book for Lloyds Metals and Energy worth Rs 70,000 crore over the next 15-18 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.