Sugs Lloyd Secures ₹214.27 Cr Odisha Distribution Network Contracts
Sugs Lloyd Limited has received Letters of Intent (LOIs) aggregating ₹214.27 crore from TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL) for three-year distribution network maintenance contracts in Odisha. These contracts, effective from October 1, 2026, to September 30, 2029, aim to build a predictable recurring-revenue base. The company expects its contracted network-maintenance revenue in Odisha to increase to approximately ₹60 crore annually from the current ₹12 crore. This strategic move diversifies Sugs Lloyd's order book geographically and strengthens its presence in the operations and maintenance segment of the power distribution sector.
Key Highlights
- Secured ₹214.27 crore in distribution network maintenance contracts.
- Contracts with TPSODL and TPWODL are for three years.
- Expected annual recurring revenue to rise to ₹60 crore.
- Strengthens relationship with Tata Power distribution utilities.
- Enhances revenue visibility and cash-flow predictability.
Price Impact
More from SUGSLLOYD