Sugs Lloyd Ltd secures ₹43.37 Crore Order from Punjab State Power Corporation Ltd

Sugs Lloyd Limited (BSE-SME: 544501), a power infrastructure and EPC solutions provider, announced that it has received a Notification of Award (NOA) from Punjab State Power Corporation Ltd. (PSPCL) for the execution of LT and HT Infrastructure Loss Reduction Works on a turnkey basis under the Revamped Distribution Sector Scheme (RDSS) in the state of Punjab.

The order is valued at ₹43,37,82,924 (Rupees Forty-three crore thirty-seven lakh eighty-two thousand nine hundred twenty-four only). The project is aimed at strengthening power distribution networks and supporting loss reduction initiatives across the identified regions in Punjab.

Key Project Highlights:

- Upgradation and strengthening of LT and HT distribution infrastructure, including the supply, installation, testing, and commissioning (SITC) of equipment and associated materials.

- Construction, augmentation, and reconfiguration of network components to support system improvement and loss reduction.

- Comprehensive turnkey execution, encompassing design support, field implementation, technical compliance, and quality verification.

- Project sanctioned under the Revamped Distribution Sector Scheme (RDSS)

All activities will be undertaken in accordance with PSPCL's specifications and prescribed safety, technical, and quality standards. The project is scheduled to be completed within 24 months from the issuance of the Notification of Award.

Commenting on the receipt of the new order, Mr. Satyakam Basu, CEO, Sugs Lloyd Limited, said: "This order from PSPCL marks a meaningful addition to our ongoing project porƞolio and indicates continued engagement with key utilities. The project aligns with our consistent focus on strengthening our presence in the Power T&D segment. Our efforts remain directed toward maintaining quality execution, supporting client requirements, and focusing on creating value for our stakeholders through disciplined and consistent performance."

Shares of Sugs Lloyd Limited was last trading in BSE at Rs. 133.10 as compared to the previous close of Rs. 130.20. The total number of shares traded during the day was 87000 in over 84 trades.

The stock hit an intraday high of Rs. 137.90 and intraday low of 131.20. The net turnover during the day was Rs. 11714500.00.

Source : Equity Bulls

Keywords

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