Sugs Lloyd Secures ₹74 Crore Power Deals to Strengthen Grid Infrastructure in Eastern India – EQ
In Short : Sugs Lloyd has secured power infrastructure contracts worth over ₹74 crore in Bihar and Odisha. The projects involve supply, installation, testing, and commissioning of substations and transmission lines. As the lowest bidder, the company aims to boost regional power distribution. These contracts enhance its EPC portfolio and support its expansion strategy amid plans for a future IPO.
In Detail : Sugs Lloyd has won power infrastructure contracts valued at more than ₹74 crore across the states of Bihar and Odisha. These contracts involve critical work such as the supply, installation, testing, and commissioning of substations and both high-tension and low-tension transmission lines.
In Bihar, the company has been entrusted with upgrading existing electrical grid systems under various state government initiatives. The projects are expected to enhance the reliability and efficiency of power distribution in the region, supporting growing electricity demand.
Similar infrastructure contracts have also been secured in Odisha, although specific details about these projects have not been fully disclosed. The work aligns with the state’s broader goals to improve rural and urban power supply through modernized infrastructure.
Sugs Lloyd emerged as the lowest bidder for these contracts, reflecting its strong competitiveness and operational capabilities in the EPC (Engineering, Procurement, and Construction) space. The company’s ability to deliver cost-effective solutions played a key role in its selection.
The company is known for its expertise in electrical and renewable energy infrastructure, with a portfolio that includes EHV substations, transmission and distribution systems, and smart grid solutions such as its Outage Fault Passage Indicator system. These new contracts further bolster its presence in the eastern Indian market.
With this contract win, Sugs Lloyd plans to expand its regional footprint and reinforce its role in grid modernization efforts. The company is also exploring an initial public offering to support its growth ambitions and fund its working capital requirements as it continues to secure more government-led infrastructure projects.
