Receipt of Notification of Award (NOA) from Punjab State Power Corporation Ltd for Execution of LT and HT infrastructure Loss reduction works on turnkey basis in the state of Punjab under RDSS Scheme
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Sugs Lloyd Ltd has received a Notification of Award (NOA) from Punjab State Power Corporation Ltd, a government-owned power utility, worth ₹43.38 crore (including GST). The work involves executing LT and HT infrastructure loss reduction projects on a turnkey basis across Punjab under the central government's Revamped Distribution Sector Scheme (RDSS). The contract duration is 2 years from the date of the NOA, and the order is a domestic one with no related-party interest from the promoters. The company was informed about the award via email on December 1, 2025.
This is a meaningful new government order that adds to Sugs Lloyd's order book and provides revenue visibility over the next 2 years. Government-backed RDSS projects typically come with assured payments, reducing execution risk and supporting near-term revenue growth for shareholders.