Sugs Lloyd Wins 214.27 Crore Distribution Maintenance Orders in Odisha
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Sugs Lloyd secured Letters of Intent worth Rs 214.27 crore (incl GST) from TPSODL and TPWODL for distribution network maintenance and allied works in Odisha. Contracts span three years from October 2026 to September 2029. The win lifts annual recurring network-maintenance revenue in Odisha from around Rs 12 crore to about Rs 60 crore, building a predictable revenue base alongside its traditional EPC business.
Major recurring revenue boost. Odisha network maintenance segment revenue seen growing about fivefold, improving revenue visibility, cash flow and working capital management.