Lloyds Steels Industries Limited at its meeting board meeting held on March 15, 2023, approved to enter into a Memorandum of understanding between Lloyds Steels Industries Limited and Thriveni Earthmovers Private Limited ("TEPL") to incorporate a new Company with the name and style of Lloyds Infrastructure & Construction Limited for all construction activities such as Design, Engineering and Construction of Road Infrastructure, Bridge Infrastructure, Railway Infrastructure, Industrial Civil work, complex /Township, Slurry pipeline, Fabrication of Steel structures and Technological structure. Also, Erection and Installation of Steel structures, Technological structures and Equipment's, Electrical & Instrumentation Components and Mechanical & Utilities etc. or any type of government or private construction contracts including BOOT, BOO, BOLT, PPP Models and the same can be carried out on own-account basis or on a fee or contract basis.