Sugs Lloyd Wins INR434 Million Punjab Power Infrastructure Contract; Shares Slip 4%

MT Newswires Live

2025/12/04

Engineering and construction company Sugs Lloyd (BOM:544501) has secured an order worth 433.7 million Indian rupees from Punjab State Power Corp. for low tension (LT) and high tension (HT) infrastructure loss-reduction works under the revamped distribution sector scheme, according to a Thursday filing.

The turnkey project covers upgrading and strengthening distribution networks - including supply, installation, testing and commissioning of equipment - and is scheduled to be completed within 24 months of the award.

Sugs Lloyd's shares fell over 4% in Thursday's trade.

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