SUGS Lloyd Limited has received a Letter of Award dated 21 September 2026 from Marshal Enterprises for power distribution infrastructure works in Punjab. The total contract value is approximately ₹213.48 crore, inclusive of GST.

The works are to be completed within 15 months from the date of the award (21 September 2026).

The contract covers balance supply and installation works for low-tension (LT) and high-tension (HT) infrastructure loss reduction projects under the Revamped Distribution Sector Scheme (RDSS). The specific project breakdown includes:

  • Faridkot Circle (covering Moga District) with an award value of approximately ₹89.88 crore
  • Gurdaspur Circle (covering Pathankot District) with an award value of approximately ₹123.60 crore

These projects were originally awarded to Marshal Enterprises by Punjab State Power Corporation Limited (PSPCL). SUGS Lloyd will execute the balance works as a subcontractor on a back-to-back basis. The Letter of Award confirms PSPCL's approval of the Company's appointment.

The scope of work includes supply of plant and materials, installation, supervision, testing and commissioning, supported by deployment of required manpower, machinery and equipment. The works will follow the specifications, quality standards and milestones of the main contracts.

Management Commentary

Mr. Santosh Shah, Managing Director of SUGS Lloyd Limited, commented: "This contract is an important addition to our order book and an opportunity to strengthen our presence in the power distribution sector. Our focus will be on timely mobilisation, quality work and disciplined execution. Successful execution will help us build our project credentials and support the Company's growth."

Company Background

SUGS Lloyd Limited is a Noida-based company engaged in electrical and power infrastructure activities. Its project scope includes supply, installation, testing and commissioning of electrical infrastructure. The Company undertakes work involving materials, equipment, manpower and site supervision to deliver projects in line with customer specifications and contractual requirements.

Disclaimer

The press release contains forward-looking statements concerning the Company's business, growth prospects and future performance, subject to various risks and uncertainties including regulatory and government actions, execution risks, order-book conversion, working capital and receivable cycles, market conditions and other factors.