Business Update3 Sept 2026, 01:45 pm
Sugs Lloyd Secures ₹24.63 Cr Maintenance Contract from TPCODL
AI Summary
Sugs Lloyd Limited has announced receiving a Letter of Intent (LOI) from TP Central Odisha Distribution Limited (TPCODL) for a three-year Maintenance Contract of HT & LT Network. The aggregate order value, including GST, is ₹24,63,21,978. The contract is set to commence on October 1, 2026, and conclude on September 30, 2029. The order value is evenly distributed across the three years, with ₹8,21,07,326 allocated for each year. The company confirmed that neither the promoter nor group companies have any interest in TPCODL, and the contract does not fall under Related Party Transactions.
Key Highlights
- SUGS Lloyd awarded a 3-year maintenance contract by TPCODL.
- Contract value stands at ₹24.63 crore, including GST.
- Execution period is from October 1, 2026, to September 30, 2029.
- No promoter or group company interest in the awarding entity.
- Transaction is not considered a Related Party Transaction.
Price Impact
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