In a significant boost to its order book, Sugs Lloyd Limited (BSE: 544501) has secured a new contract from Konkan Railway Corporation Limited, according to a BSE regulatory filing.
The company will be executing a large-scale project, which is a major milestone for the company. The order is a testament to the company’s growing capabilities in executing complex EPC projects.
The order is worth ₹639.24 crore, including GST, and involves the supply, installation, testing, and commissioning of a plant contract along with SCADA-DMS systems.
The project will be executed over a period of 24 months, and it represents a transformational milestone for the company, significantly enhancing its order book and providing strong multi-year revenue visibility.
The order marks a strategic expansion in the company’s Power Transmission and Distribution business, further diversifying its project portfolio and strengthening its positioning with marquee government clients.
The transaction is not a related party transaction, and the promoter group has no interest in the awarding entity, Konkan Railway Corporation Limited. The company has complied with the necessary regulations, including SEBI LODR Regulation 30, and has made the necessary disclosures to the stock exchanges.
The order is a significant development for Sugs Lloyd Limited, which is a leading EPC company engaged in Power T&D, solar, and smart grid solutions across India. This order will contribute to the company’s revenue growth and strengthen its position in the industry.
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