Intimation of receipt of order from North Bihar Power Distribution Company Limited(NBPDCL) under PM Surya Ghar-Muft Bijli Yojana (PMSG-MBY) aggregating Rs. 56.57 crores.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sugs Lloyd Ltd has received a Letter of Award from North Bihar Power Distribution Company Limited (NBPDCL), a Government of Bihar undertaking, valued at approximately Rs. 56.57 crores (excluding GST). The order involves setting up 16 MW of grid-connected rooftop solar projects in the Chapra Circle under the central government's PM Surya Ghar - Muft Bijli Yojana (PMSG-MBY) in a CAPEX plus RESCO, Utility-Led Aggregation model. The commissioning timeline is 9 months from PPA signing, with a total contract period of 10 years from the Commercial Operation Date. The order is fully domestic and there is no related-party interest involved.
This is a sizeable government-backed order for Sugs Lloyd, adding meaningful revenue visibility and reinforcing its presence in the rooftop solar EPC space under a flagship central government scheme. Positive for the stock on announcement, though execution and collection risks typical of discom contracts remain.