What Is the Order?
Sugs Lloyd Limited has received a Letter of Award for the execution of Low Tension (LT) and High Tension (HT) infrastructure loss reduction works in the state of Punjab. The project, valued at ₹213.48 crore including GST, was awarded by M/s Marshal Enterprises on a back-to-back basis. These works were originally sanctioned by the Punjab State Power Corporation Limited (PSPCL) under the Revamped Distribution Sector Scheme (RDSS).
The company is required to complete the project within a timeline of 15 months from the date of the LOA issuance, focusing on improving distribution efficiency across the state power network.
Business Impact
This contract significantly bolsters Sugs Lloyd’s order book, which was reported at approximately ₹807 crore as of June 30, 2026. The addition of this ₹213.48 crore project provides clear revenue visibility for the next five to six quarters, aligning with the company's aggressive growth targets for the current fiscal year. By securing a project under the RDSS framework, Sugs Lloyd reinforces its position as a key player in India’s grid modernization efforts.
The project execution is expected to contribute toward the company reaching its guided annual revenue milestones while expanding its operational footprint in Northern India.
Business Overview
Headquartered in Noida, Sugs Lloyd Limited is a technology-driven engineering and construction firm specializing in the power and renewable energy sectors. The company operates as an Engineering, Procurement, and Construction (EPC) contractor for electrical infrastructure, including transmission lines, substations, and solar power plants. Beyond traditional power distribution, the company provides advanced grid automation and Outage Management Solutions (OMS) to major utilities.
Its client portfolio features prominent names such as NTPC, Tata Power, NHAI, and Indian Railways, reflecting its capability to handle complex infrastructure mandates for both government and private sectors.
Industry Landscape
The power distribution sector in India is currently undergoing a systemic overhaul driven by the Revamped Distribution Sector Scheme (RDSS). With a total outlay of over ₹3 lakh crore, the scheme aims to reduce national Aggregate Technical and Commercial (AT&C) losses to 12-15% by 2025. Projects like the one awarded in Punjab focus on infrastructure upgrades, such as re-conductoring and feeder segregation, which are critical for improving the financial viability of State DISCOMs.
Sugs Lloyd operates in a competitive landscape where technical expertise in loss reduction and smart grid integration is increasingly prioritized as utilities transition toward more efficient and digitized networks.
