Sugs Lloyd Wins Rs 433.78m PSPCL Order Under RDSS
ECONOMY & POLICY

Sugs Lloyd Wins Rs 433.78m PSPCL Order Under RDSS

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.

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.

Next Story
Real Estate

L&T Consolidates Its Realty Operations Under One Entity

Larsen & Toubro has approved the transfer of its Realty Business Undertaking to its wholly-owned subsidiary, L&T Realty Properties Ltd, through a slump-sale via a Scheme of Arrangement. This marks the first phase of a broader consolidation strategy aimed at placing all real estate assets under L&T Realty, creating a single, future-ready development arm capable of leveraging India’s expanding property market. The unified structure is expected to enhance scale, agility and financial resilience as L&T Realty expands its project pipeline, strengthens land acquisition and accelerates joint devel..

Next Story
Infrastructure Transport

India Opens Longest Precast Cut-and-Cover Tunnel

India has inaugurated its longest precast cut-and-cover tunnel, a 920-metre structure located at an altitude of 12,300 ft (3,750 m) in a sensitive border region. The project was formally opened on 7 December 2025 by Defence Minister Rajnath Singh. The tunnel is designed to improve troop movement, strengthen supply lines and bolster operational readiness in challenging high-altitude terrain. The company has expressed gratitude to the Ministry of Defence and the Border Roads Organisation for their support and guidance, noting that it is honoured to contribute to a project of such strategic sign..

Next Story
Infrastructure Urban

Thermax Marks 30 Years of Listing on NSE

Thermax has celebrated 30 years of its listing on the National Stock Exchange with a ceremonial bell-ringing event held in Mumbai. The occasion brought together NSE MD & CEO Ashishkumar Chauhan, Thermax Chairperson Meher Pudumjee, Managing Director and CEO Ashish Bhandari, board members, senior leaders and key stakeholders who have supported the company’s journey. Listed on 30 August 1995, Thermax has evolved from a packaged boiler and heating equipment manufacturer into a global provider of energy transition and sustainability solutions. Established in 1966 as Wanson India by the late A S ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App