SUGS Lloyd Secures Rs 6392.4 mn Konkan Railway Contract

28 Mar 2026 CW Team

The contract represents a transformational milestone for the Company, substantially enhancing its order book and providing strong multi-year revenue visibility. The scale of the assignment underlines SUGS Lloyd Limited's capabilities in executing large and complex EPC projects in smart grid and power infrastructure domains. The award also marks a strategic expansion of the Power Transmission and Distribution business and further diversifies the company's project portfolio with marquee government clients.

The chairman, Santosh Shah, described the award as a landmark validation of the company's execution capabilities and said it would significantly enhance revenue visibility while positioning the company to pursue larger opportunities. He indicated that the company will focus on disciplined execution, selective bidding and maintaining financial prudence as it leverages the contract to drive sustainable growth. Management expects the contract to open further opportunities in public sector infrastructure work. The company indicated mobilisation would commence on completion of necessary approvals.

SUGS Lloyd Limited, established in 2009, is an engineering, procurement and construction company active in power transmission and distribution, solar and smart grid solutions across India. The company reports over 50 per cent market share in Fault Passage Indicator technology and counts NTPC, Tata Power, Adani Renewables and Indian Railway among its clients. For the first half of fiscal year 2026 the company reported revenue from operations of Rs 1230.3 mn, EBITDA of Rs 188.8 mn and net profit of Rs 118.2 mn. The new contract is expected to provide sustained revenue visibility and to strengthen the company's standing in national power infrastructure markets.

SUGS Lloyd Limited (the Company) has secured a major order from Konkan Railway Corporation Limited worth Rs 6392.4 mn including GST. The project covers supply, installation, testing and commissioning of the plant contract together with SCADA DMS systems and is to be executed over 24 months. The contract represents a transformational milestone for the Company, substantially enhancing its order book and providing strong multi-year revenue visibility. The scale of the assignment underlines SUGS Lloyd Limited's capabilities in executing large and complex EPC projects in smart grid and power infrastructure domains. The award also marks a strategic expansion of the Power Transmission and Distribution business and further diversifies the company's project portfolio with marquee government clients. The chairman, Santosh Shah, described the award as a landmark validation of the company's execution capabilities and said it would significantly enhance revenue visibility while positioning the company to pursue larger opportunities. He indicated that the company will focus on disciplined execution, selective bidding and maintaining financial prudence as it leverages the contract to drive sustainable growth. Management expects the contract to open further opportunities in public sector infrastructure work. The company indicated mobilisation would commence on completion of necessary approvals. SUGS Lloyd Limited, established in 2009, is an engineering, procurement and construction company active in power transmission and distribution, solar and smart grid solutions across India. The company reports over 50 per cent market share in Fault Passage Indicator technology and counts NTPC, Tata Power, Adani Renewables and Indian Railway among its clients. For the first half of fiscal year 2026 the company reported revenue from operations of Rs 1230.3 mn, EBITDA of Rs 188.8 mn and net profit of Rs 118.2 mn. The new contract is expected to provide sustained revenue visibility and to strengthen the company's standing in national power infrastructure markets.

Real Estate

17 Apr 2026

Sarovar Hotels Taps Branded Residences And Targets Over 400 Hotels

Sarovar Hotels and Resorts (Sarovar) plans to tap branded residences as part of a strategic expansion that aims to take its portfolio to over 400 hotels in five years. The company intends to leverage brand licensing and management contracts to accelerate growth while maintaining an asset light approach. The move is positioned as an extension of its hospitality offerings into residential developments linked to its hotel brands. It will seek partnerships with property developers to co-create projects that align with its service standards and operational model. The company views branded residence..

Infrastructure Urban

17 Apr 2026

Hyatt Eyes Aggressive India Expansion Through Acquisitions

Hyatt is pursuing an aggressive expansion strategy in India centred on acquisitions and strategic partnerships as it seeks to deepen its presence across the country. The group is reported to be evaluating a range of assets from established hotels to development sites in major and emerging markets. The plan is aimed at accelerating room growth and capturing rising demand across domestic and inbound travel segments. The company is said to favour a mix of asset acquisitions and management agreements to maintain flexibility while scaling. It is focusing on both gateway cities and secondary leisure..

Real Estate

17 Apr 2026

Greater Noida West Housing Project To Be Revived

Local authorities have approved a plan to revive a stalled housing project in Greater Noida West, officials said, after prolonged delays left many homebuyers waiting for possession. The decision follows reviews of construction progress, financial viability and regulatory compliance, and the restart is to be overseen by a dedicated monitoring team. The revival plan aims to address unfinished work and restore contractor activity while ensuring that construction standards are met. Homebuyers are to be kept informed of timelines and milestones. The developer has been required to submit a revised p..