Lloyds Metals and Energy acquires 80% stake in Thriveni Earthmovers and Infra

India's Lloyds Metals and Energy Limited (LMEL) acquired an 80% equity stake in mining equipment manufacturer Thriveni Earthmovers and Infra Limited (TEIL) to enhance iron ore mining efficiency.

“The acquisition of TEIL offers several strategic advantages for LMEL and is expected to significantly reduce LMEL's iron ore mining costs, thereby enhancing overall cost efficiency.”steelorbis.com

• 1 source
• steelorbis.comIndia’s LMEL acquires majority stake in mining equipment manufacturer to improve iron ore mining efficienciesAjoy DasJul 3, 2025

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