Mumbai — Lord’s Mark Industries Limited (LMIL) has unveiled a multi-state investment roadmap spanning clean energy, healthcare and manufacturing following strategic engagements at the World Economic Forum (WEF) 2026 in Davos–Klosters, Switzerland.
The roadmap follows discussions led by LMIL Managing Director Sachidanand Upadhyay with chief ministers and senior state officials, resulting in multiple memoranda of understanding (MoUs) and expressions of interest (EOIs). The proposed projects, currently at different stages of evaluation and structuring, align with India’s national priorities of energy transition, healthcare expansion and domestic manufacturing.
In Maharashtra, LMIL has signed an MoU for two projects involving a combined proposed investment of ₹225 crore. The first project focuses on affordable medical and healthcare infrastructure with an investment of ₹150 crore. Scheduled to commence in May 2026, the project is expected to be completed over three to four years and generate annual revenues of about ₹500 crore.
The second project relates to manufacturing and medical devices across Mahape and Nagpur, with a proposed investment of ₹75 crore. The project is expected to begin in September 2026, be completed within two years, and generate estimated annual revenues of around ₹300 crore.
With the Government of Uttar Pradesh, LMIL has signed MoUs for three projects. These include a green hydrogen project with a proposed investment of ₹1,000 crore, scheduled to commence in December 2026 along with its joint venture partner and be completed within three years.
A solar rooftop and battery energy storage systems (BESS) initiative, also involving a proposed investment of ₹1,000 crore, is planned to begin in September 2026 with a three-year execution timeline. Revenue estimates for the energy projects will be finalised at a later stage.
In addition, an affordable healthcare diagnostics project under a public-private partnership (PPP) model, with a proposed investment of ₹300 crore, is expected to commence in July 2026 and be completed within two years.
The Uttar Pradesh projects are expected to generate substantial and recurring revenue streams over their operating life. Given the early-stage nature of these initiatives, the company estimates potential annual revenues of ₹700–800 crore once the projects become operational.
LMIL has also entered into a non-binding EOI with the Government of Kerala to explore investments of around ₹100 crore in the medical and healthcare sector. The proposed project is expected to commence in July 2026, be completed within two years and generate approximately ₹200 crore in annual revenues.
Separately, the company is in advanced discussions with the Government of Assam for a medical infrastructure project, with the investment size under evaluation and estimated annual revenues of around ₹200 crore.
Collectively, these initiatives position Lord’s Mark Industries as a diversified infrastructure and manufacturing platform embedded in India’s clean energy transition and healthcare expansion agenda. By partnering with state governments in critical sectors, the company aims to build long-term revenue visibility, scalable asset platforms and employment-linked growth.
Commenting on the developments, Upadhyay said the company’s engagements at Davos underscore a focused approach towards building scalable platforms in clean energy and healthcare while contributing to employment generation and regional infrastructure development.
To fund the investment roadmap, LMIL has adopted a phased capital deployment strategy comprising internal accruals, selective equity infusion through a rights issue, project-linked debt and platform-aligned foreign direct investment. All projects are planned for completion within a two-to-three-year delivery window and are expected to generate over 2,000 direct and indirect employment opportunities across multiple states.
Note: Revenue estimates are subject to project completion and applicable government policies.
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.) PTI
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