FLS signs lifecycle agreement with Lloyds Metals in India

M&A · Partnership
โดย FLSmidth·IN·Read original
Summary · why it matters

FLSmidth has signed a lifecycle agreement with Lloyds Metals and Energy Limited, one of India's leading iron ore mining and metals processing companies, to cover the full FLS equipment flowsheet across LMEL's mining operations. The order value was not disclosed. As part of the broader partnership, the two companies are developing a state-of-the-art repair centre to bring advanced repair and service capability closer to the installed equipment base. The agreement builds on a series of orders received from Lloyds Metals over the past two years and includes a dedicated on-site FLS team, a bespoke maintenance programme, continuous learning for upskilling, and on-site management of consumables and spare parts. LMEL operates the single largest iron ore mine in India and is scaling its production and processing capacities, and this agreement supports that growth while reinforcing FLS's long-term customer partnerships in the Indian subcontinent.

Impact on stocks 2

Industrials · 2 stocks
FLSmidth & Co.
0OJA
▲ PositiveDemandrelevance

FLSmidth signed a lifecycle service agreement with Lloyds Metals covering its full equipment flowsheet, adding to prior orders

Off-coverage companies 1

Lloyds Metals and Energy LimitedPrivate▲ Positive
Supplyrelevance

Lloyds Metals gains on-site FLS maintenance, repair centre and spare-parts management supporting its scaling iron ore operations