Sugs LLoyd Limited Receives 84.36 crore Network Maintenance Order from BSES Yamuna Power
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Awaiting price reaction for this filing.
Sugs Lloyd Limited has received a Letter of Award from BSES Yamuna Power Limited for a network maintenance contract worth ₹84.36 crore (including GST). The work covers maintenance of EHV grids, 11 kV electricity distribution networks, and streetlight infrastructure in the Central Circle of Delhi, to be executed over three years from February 1, 2026, to January 31, 2029. The order size is sizeable, roughly equivalent to around 68% of the company's H1 FY26 revenue from operations of ₹123.03 crore. The service-based nature of the contract is expected to support steady quarterly revenue recognition and adds operational stability compared to one-off project work. The company is an EPC player in power T&D, solar, and smart grid solutions, serving clients like NTPC, Tata Power, Adani Renewables, and Indian Railway.
Positive for the stock — the order strengthens the order book, provides revenue visibility for three years, and reinforces Sugs Lloyd's position in the T&D segment with a reputed Delhi DISCOM client, though the contract value is spread over the tenure.