Sugs Lloyd Bags ₹213.48 Cr LOA for Punjab RDSS Works

SUGS Lloyd Limited has received a Letter of Award (LOA) valued at ₹213.48 crore (including GST) from M/s Marshal Enterprises. The LOA is for the execution of LT and HT Infrastructure Loss Reduction Works on a back-to-back basis under the RDSS Scheme in Punjab. These works were originally awarded by PSPCL. The project is a domestic order and is expected to be completed within 15 months from the date of issuance of the LOA. The company confirmed that there is no promoter or related party interest in the entity that awarded the contract.