Shares of Sugs Lloyd Ltd rallied 5% on Wednesday, 3 December, after the company announced securing a NoA worth Rs 43 crore from the Punjab State Power Corporation Ltd. 

In its regulatory filing, the company said that it has received the Notification of Award (NOA) from Punjab State Power Corporation Ltd for the Execution of LT and HT Infrastructure Loss reduction works on a turnkey basis in the state of Punjab under the RDSS Scheme.

In an exchange filing, Sugs Llyod said, “We are pleased to inform you that Sugs Lloyd Limited has received the 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.” 

According to the conditions of the order, Sugs Llyod will be in charge of the turnkey execution of LT and HT Infrastructure loss reduction works in the state of Punjab under the RDSS Scheme. 

The order, priced at Rs 43,37,82,924 including GST, is planned to be executed in two years from the date of issuing of the Notification of Award (NOA).  

Sugs Lloyd, founded in 2009, is a technology-driven engineering and construction company that specialises in renewable energy, with a particular emphasis on solar power.  

The company also works on electrical transmission and distribution projects, as well as civil EPC (Engineering, Procurement, and Construction), combining technical competence with innovative ideas.

Sugs Lloyd offers comprehensive services, including the creation of power transmission and distribution infrastructure, the construction of power substations, and the renovation, upgrading, and modification of current power systems. With a strong dedication to sustainability and innovation, the organisation is a vital player in driving infrastructure development, particularly in renewable energy.

At 3:10 pm, the shares of Sugs Lloyd were trading 2.00% higher at Rs 132.80 on NSE.

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