Sugs Lloyd Limited, a power infrastructure and EPC solutions provider, has received a Notification of Award from Punjab State Power Corporation Limited (PSPCL) for the turnkey execution of low-tension and high-tension infrastructure loss-reduction works under the Revamped Distribution Sector Scheme (RDSS). The contract is valued at Rs 433.78 million.

The project aims to strengthen Punjab’s power distribution network and reduce technical losses across designated regions. Scope of work includes upgrading LT and HT infrastructure, supplying and installing equipment, testing and commissioning, and reconfiguring network components to support system efficiency. Sugs Lloyd will also handle design support, field execution, technical compliance and quality verification. All work will adhere to PSPCL’s safety and quality standards. The project must be completed within 24 months from the date of award.

Commenting on the order, CEO Satyakam Basu said it represents a significant addition to the firm’s ongoing portfolio and reinforces its presence in the power transmission and distribution segment. He emphasised the company’s commitment to disciplined execution, client support and long-term value creation.

Founded in 2009, Sugs Lloyd delivers EPC services in power T&D, solar and smart grid solutions, working with clients such as NTPC, Tata Power, Adani Renewables, Indian Railways and multiple state DISCOMs. The firm holds more than 50 per cent of the domestic market in Fault Passage Indicator technology and continues to expand in both T&D and solar sectors.

For H1 FY26, the company reported Rs 1.23 billion in revenue from operations, EBITDA of Rs 188.8 million and net profit of Rs 118.2 million.