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SUGS Lloyd Secures ₹213 Crore Punjab Power Deal

23 Sep

Summary

SUGS Lloyd awarded ₹213.48 crore contract for Punjab power infrastructure.
Project involves low and high-tension infrastructure loss reduction works.
Contract completion is expected within 15 months from award date.

SUGS Lloyd Limited has been awarded a Letter of Award totaling approximately ₹213.48 crore for power distribution infrastructure projects in Punjab. The contract, dated September 21, 2026, was issued by Marshal Enterprises.

This significant award encompasses balance supply and installation for low-tension and high-tension infrastructure loss reduction projects under the Revamped Distribution Sector Scheme (RDSS). The scope covers Faridkot Circle, specifically Moga District (₹89.88 crore), and Gurdaspur Circle, Pathankot District (₹123.60 crore).

SUGS Lloyd will function as a subcontractor, executing the remaining works on a back-to-back basis, with explicit approval from Punjab State Power Corporation Limited (PSPCL). The company is responsible for the supply of materials, installation, supervision, testing, and commissioning.

Scheduled for completion within 15 months from the award date, these projects aim to reduce distribution losses and improve the power network. The contract is expected to enhance SUGS Lloyd's order book and revenue visibility, reinforcing its operational efficiency and presence in Punjab.

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