+
SUGS Lloyd Secures Three-Year Maintenance Order From TPCODL
ECONOMY & POLICY

SUGS Lloyd Secures Three-Year Maintenance Order From TPCODL

SUGS Lloyd (the Company) said it has received a Letter of Intent dated 2 September 2026 from TP Central Odisha Distribution (TPCODL) for the maintenance contract of the high tension and low tension network at TPCODL. The Company notified the stock exchange under Regulation 30 of the SEBI Listing Regulations and said the LOI was received by email at 14:52 IST on 2 September 2026. The contract is for a three-year period from 1 October 2026 to 30 September 2029.

The aggregate order value including GST is Rs 246.32 mn, equivalent to Rs 24,63,21,978 in local notation, and will be billed over the three-year term. The company stated that each year carries an identical value of Rs 82.11 mn, representing year one, year two and year three respectively. The amounts have been converted to million (mn) units for clarity. The company indicated that the financials have been disclosed in local currency and that the conversion is for reporting ease.

The work comprises maintenance of the HT and LT network and will be executed for a domestic entity. The Company confirmed there is no interest of its promoters, promoter group or group companies in the entity awarding the contract and that the contract does not constitute a related party transaction. The LOI bears reference number TPCODL/2026-27/1000009868/LOI/09.

The Company stated that the contract will be carried out as per agreed terms and conditions and requested that the intimation be taken on record by the stock exchange. The disclosure was signed by the company secretary and compliance officer and lodged from the corporate office in Noida. SUGS Lloyd will proceed with mobilisation and execution as per the contract schedule. The company also confirmed compliance with applicable regulatory disclosure requirements.

SUGS Lloyd (the Company) said it has received a Letter of Intent dated 2 September 2026 from TP Central Odisha Distribution (TPCODL) for the maintenance contract of the high tension and low tension network at TPCODL. The Company notified the stock exchange under Regulation 30 of the SEBI Listing Regulations and said the LOI was received by email at 14:52 IST on 2 September 2026. The contract is for a three-year period from 1 October 2026 to 30 September 2029. The aggregate order value including GST is Rs 246.32 mn, equivalent to Rs 24,63,21,978 in local notation, and will be billed over the three-year term. The company stated that each year carries an identical value of Rs 82.11 mn, representing year one, year two and year three respectively. The amounts have been converted to million (mn) units for clarity. The company indicated that the financials have been disclosed in local currency and that the conversion is for reporting ease. The work comprises maintenance of the HT and LT network and will be executed for a domestic entity. The Company confirmed there is no interest of its promoters, promoter group or group companies in the entity awarding the contract and that the contract does not constitute a related party transaction. The LOI bears reference number TPCODL/2026-27/1000009868/LOI/09. The Company stated that the contract will be carried out as per agreed terms and conditions and requested that the intimation be taken on record by the stock exchange. The disclosure was signed by the company secretary and compliance officer and lodged from the corporate office in Noida. SUGS Lloyd will proceed with mobilisation and execution as per the contract schedule. The company also confirmed compliance with applicable regulatory disclosure requirements.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Next Story
Infrastructure Transport

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Next Story
Infrastructure Transport

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code