Sugs Lloyd adds Tata Power-DDL rate contract, extending a string of power-sector order wins since July (BSE: 544501)
On 26 October 2026, Sugs Lloyd Limited (BSE: 544501) disclosed in a BSE filing that it had received a rate contract from Tata Power Delhi Distribution Limited (Tata Power-DDL) for the supply, installation, testing, commissioning, and integration of 11 kV Auto Reclosers. The filing states: “The contract is valued at ₹3,16,48,082 (₹3.16 crore) and is valid from 24 October 2026 to 23 October 2027.”
On 26 October 2026, Sugs Lloyd Limited (BSE: 544501) disclosed in a BSE filing that it had received a rate contract from Tata Power Delhi Distribution Limited (Tata Power-DDL) for the supply, installation, testing, commissioning, and integration of 11 kV Auto Reclosers. The filing states: “The contract is valued at ₹3,16,48,082 (₹3.16 crore) and is valid from 24 October 2026 to 23 October 2027.”
The Tata Power-DDL announcement is the most recent in a series of order wins that Sugs Lloyd has filed since July 2026. Together, the filings show a company rapidly building a diverse project book across distribution maintenance, automation (FPI/SCADA), and solar energy, while management publicly repeats a longer‑term revenue ambition.
A steady flow of orders from discoms, contractors, and a solar project owner
The filings show the following sequence of order‑win disclosures over the past four months:
- 3 July 2026 – Received a Letter of Award from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) for design, supply, installation, testing & commissioning of 11 KV and 33 KV Fault Passage Indicators (FPI) with SCADA‑DMS/ADMS integration at Indore, including 5‑year AMC. Order value: ₹3.37 crore inclusive of GST, with a completion period of 70 days from receipt of the work order (BSE filing, 3 July 2026).
- 11 August 2026 – Secured a purchase order from Noida Power Company Limited (NPCL) for 11 kV auto reclosers and sectionalizers. Total order value: ₹1.51 crore inclusive of GST; delivery by 30 October 2026 and project completion within 120 days (BSE filing, 11 August 2026).
- 1 September 2026 – Received Letters of Intent from TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL) for 11 kV & LT network maintenance, 33 kV network maintenance, and operational assistance of 33/11 kV sub‑stations. Aggregate value: ₹214.27 crore including GST, to be executed from 1 October 2026 to 30 September 2029 (BSE filing, 1 September 2026).
- 3 September 2026 – TP Central Odisha Distribution Limited (TPCODL) issued a Letter of Intent for HT & LT network maintenance. Value: ₹24.63 crore including GST, to be executed over the same three‑year window from 1 October 2026 to 30 September 2029 (BSE filing, 3 September 2026).
- 22 September 2026 – Awarded a subcontract by Marshal Enterprises for LT & HT infrastructure loss‑reduction works under the RDSS scheme, originally awarded by PSPCL in Punjab. Value: ₹213.47 crore including GST, with a 15‑month execution timeline from the date of the Letter of Award (BSE filing, 22 September 2026).
- 24 September 2026 – Received a Letter of Intent from UPNEDA for 2,500 units of 18 Watt Solar Street Lighting Systems with five‑year comprehensive maintenance warranty. Total value: ₹4.68 crore (BSE filing, 24 September 2026).
- 29 September 2026 – Obtained a Letter of Award from the Golden Temple, Amritsar for a 2 MW AC ground‑mounted solar power project, including 10 years of comprehensive maintenance. The filing states the value at ₹8.90 crore inclusive of GST, covering design, supply, installation, testing and commissioning at Gurdwara Gurusar Patshahi Chhevi, Satlani Sahib (BSE filing, 29 September 2026).
- 26 October 2026 – The Tata Power‑DDL rate contract for 11 kV Auto Reclosers (₹3.16 crore, valid one year) as described above.
Earlier, on 14 June 2026, the company had announced Letters of Award from North Bihar Power Distribution Company Limited (NBPDCL) to set up 16 MW of grid‑connected rooftop solar projects in Chapra Circle under the PM Surya Ghar – Muft Bijli Yojana, with a contract value of approximately ₹56.57 crore (excluding GST) — a filing that predates the current wave but underscores the solar leg of the business.
What the quarterly numbers and the concall disclosed
The company filed its Q1FY27 results on 29 July 2026. The filing reported revenue of ₹78.4 crore, a 32 % year‑on‑year increase, and a gross margin of 59.5 %. Earnings per share, however, declined 3.7 % year‑on‑year; the company attributed the drop to equity dilution and higher costs.
On 3 August 2026, the company filed the transcript of its Q1 earnings call. Management reiterated a revenue target of ₹1,000 crore for FY28 and said it was seeing accelerating traction in high‑margin FPI products. It also flagged an entry into transmission and battery energy storage systems (BESS) as new verticals.
Promoter stake moves
Two filings in August 2026 reported open‑market purchases by promoter and director Santosh Kumar Shah:
- On 14 August 2026, the company disclosed that Shah acquired 6,000 equity shares on 12 August 2026, raising his holding from 0.676 % to 0.702 % (BSE filing, 14 August 2026).
- On 24 August 2026, a further disclosure showed purchases of 1,000 shares on 20 August and 5,000 shares on 21 August — another 6,000 shares in total (BSE filing,
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 3 Jul 2026 | Sugs Lloyd Ltd receives Rs 3.37 crore order from Madhya Pradesh discom for fault passage indicators and SCADA integration. | Sugs Lloyd Limited received a Letter of Award from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited for design, supply, installation, testing & commissioning of 11 KV and 33 KV Fault Passage Indicators (FPI) along with integration to existing & upcoming SCADA-DMS/ADMS system at Indore SCADA Control Centre, including 5 years AMC and communication infrastructure. The order value inclusive of GST is Rs. 3.37 crore, with a completion period of 70 days from receipt of work order. | filing |
| 6 Jul 2026 | Sugs Lloyd secures ₹3.37 crore order from Madhya Pradesh discom for fault passage indicators and SCADA integration, to be executed within 70 days. | Sugs Lloyd received a ₹3.37 crore order from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) for design, supply, installation, testing & commissioning of 11 KV and 33 KV Fault Passage Indicators (FPI) with integration to SCADA-DMS/ADMS system, including 5 years AMC and communication infrastructure. | filing |
| 11 Aug 2026 | Sugs Lloyd receives ₹1.51 crore purchase order from Noida Power Company Ltd (NPCL) for supply of 11 kV auto reclosers and sectionalizers. | Sugs Lloyd Limited announced receipt of a purchase order from Noida Power Company Limited (NPCL), a domestic entity, for supply, installation, testing and commissioning of 11 kV auto reclosers and sectionalizers. The total order value is ₹1.51 crore inclusive of GST, with delivery scheduled by October 30, 2026, and a project completion period of 120 days. | filing |
| 1 Sept 2026 | Sugs Lloyd receives LOIs worth ₹214.27 crore from TP Southern Odisha and TP Western Odisha for network maintenance and substation operational assistance over three years. | Sugs Lloyd has received Letters of Intent from TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL) for 11 kV & LT network maintenance, 33 kV network maintenance, and operational assistance of 33/11 kV sub-stations. The aggregate order value is ₹214.27 crore (including GST), to be executed from October 1, 2026, to September 30, 2029. | filing |
| 2 Sept 2026 | Sugs Lloyd wins ₹214.27 crore orders from TPSODL and TPWODL for three-year distribution network maintenance contracts in Odisha. | Sugs Lloyd received Letters of Intent aggregating ₹214.27 crore from TP Southern Odisha Distribution Limited and TP Western Odisha Distribution Limited for distribution network maintenance and allied works in Odisha, to be executed over three years from 1 October 2026 to 30 September 2029. | filing |
| 3 Sept 2026 | Sugs Lloyd receives ₹24.63 crore LOI from TP Central Odisha Distribution Limited for a three-year HT & LT network maintenance contract. | Sugs Lloyd received a Letter of Intent from TP Central Odisha Distribution Limited (TPCODL) for a maintenance contract covering HT & LT networks, valued at ₹24.63 crore (including GST), to be executed over three years from October 1, 2026, to September 30, 2029. | filing |
| 22 Sept 2026 | Sugs Lloyd receives ₹213.47 crore order from Marshal Enterprises for LT/HT infrastructure loss reduction works under RDSS scheme in Punjab. | Sugs Lloyd has received a Letter of Award (LOA) from Marshal Enterprises for execution of LT and HT infrastructure loss reduction works on a back-to-back basis under the RDSS scheme, originally awarded by PSPCL in Punjab. The order value is ₹213.47 crore (including GST), with a 15-month execution timeline from the date of the LOA. | filing |
| 22 Sept 2026 | Sugs Lloyd receives ₹213.48 crore contract from Marshal Enterprises for power distribution infrastructure works in Punjab under RDSS. | Sugs Lloyd has been awarded a ₹213.48 crore subcontract from Marshal Enterprises to execute balance supply and installation works for LT and HT infrastructure loss reduction projects in Punjab, covering Faridkot and Gurdaspur circles, with execution within 15 months. | filing |
| 24 Sept 2026 | Sugs Lloyd receives ₹4.68 crore order from UPNEDA for solar street lighting systems in Uttar Pradesh. | Sugs Lloyd received a Letter of Intent from UPNEDA for supply, installation, and commissioning of 2,500 units of 18 Watt Solar Street Lighting Systems, including a five-year comprehensive maintenance warranty, for a total value of ₹4.68 crore. | filing |
| 29 Sept 2026 | Sugs Lloyd wins ₹8.90 crore order from Golden Temple, Amritsar for 2 MW ground-mounted solar project with 10-year AMC. | filing | |
| 29 Sept 2026 | Sugs Lloyd secures ₹8.90 crore order from Golden Temple, Amritsar for a 2 MW solar power project with 10-year maintenance. | Sugs Lloyd received a Letter of Award from the Golden Temple, Amritsar for a 2 MW AC ground-mounted solar power project valued at ₹8.90 crore inclusive of GST and 10 years of comprehensive maintenance. The scope includes design, supply, installation, testing and commissioning of the project at Gurdwara Gurusar Patshahi Chhevi, Satlani Sahib, Amritsar. | filing |
| 26 Oct 2026 | Sugs Lloyd receives ₹3.16 crore rate contract from Tata Power-DDL for supply of 11 kV Auto Reclosers. | Sugs Lloyd Limited has received a Rate Contract from Tata Power Delhi Distribution Limited (Tata Power-DDL) for the supply, installation, testing, commissioning, and integration of 11 kV Auto Reclosers. The contract is valued at ₹3,16,48,082 (₹3.16 crore) and is valid from 24 October 2026 to 23 October 2027. | filing |
| 14 Jun 2026 | Sugs Lloyd Limited receives letters of award worth Rs. 56.57 crores from North Bihar Power Distribution Company for 16 MW rooftop solar projects. | Sugs Lloyd Limited announced it has received Letters of Award from North Bihar Power Distribution Company Limited (NBPDCL) to set up 16 MW of grid-connected rooftop solar projects in the Chapra Circle under the PM Surya Ghar - Muft Bijli Yojana, with a contract value of approximately Rs. 56.57 crores (excluding GST). | filing |
| 29 Jul 2026 | Revenue grows 32% YoY to ₹78.4 Cr, gross margin expands sharply to 59.5%, but EPS falls 3.7% on equity dilution and costs surge | filing | |
| 3 Aug 2026 | Sugs Lloyd posts record Q1 with 32% revenue growth, reiterates FY28 ₹1,000 Cr target and highlights accelerating traction in high-margin FPI products and new vertical entry into transmission and BESS. | filing | |
| 14 Aug 2026 | Sugs Lloyd promoter Santosh Kumar Shah acquires 6,000 equity shares in an open-market purchase. | The promoter and director, Santosh Kumar Shah, purchased 6,000 equity shares of Sugs Lloyd on August 12, 2026, via open-market trade on BSE SME, increasing his holding from 0.676% to 0.702%. | filing |
| 24 Aug 2026 | Sugs Lloyd promoter Santosh Kumar Shah acquires 6,000 equity shares via open market purchases on August 20-21, 2026. | Promoter Santosh Kumar Shah purchased 1,000 equity shares on August 20, 2026 and 5,000 equity shares on August 21, 2026, totaling 6,000 shares, through open market transactions on BSE. | filing |
Quick answers
- What did Sugs Lloyd disclose?
- On 26 October 2026, Sugs Lloyd Limited (BSE: 544501) disclosed in a BSE filing that it had received a rate contract from Tata Power Delhi Distribution Limited (Tata Power-DDL) for the supply, installation, testing, commissioning, and integration of 11 kV Auto Reclosers.
- What are the key numbers?
- The company filed its Q1FY27 results on 29 July 2026. The filing reported revenue of ₹78.4 crore, a 32 % year‑on‑year increase, and a gross margin of 59.5 %. Earnings per share, however, declined 3.7 % year‑on‑year; the company attributed the drop to equity dilution and higher costs.
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