Sugs Lloyd stacks ₹8.90 Cr Golden Temple solar order onto a growing book of power and distribution contracts (BSE: 544501)
Sugs Lloyd (BSE: 544501) disclosed a Letter of Award from the Golden Temple, Amritsar on **29 September 2026** — a ₹8.90 crore, 2 MW AC ground-mounted solar power project with 10 years of comprehensive maintenance (BSE filing, 29 Sep 2026). The scope covers design, supply, installation, testing and commissioning at Gurdwara Gurusar Patshahi Chhevi, Satlani Sahib, Amritsar. It is the latest in a string of order wins the company has reported since June 2026, spanning solar EPC, smart‑grid equipment, and multi‑year distribution maintenance contracts.
The order trail since mid‑2026
- 14 June 2026 – Letters of Award from North Bihar Power Distribution Company (NBPDCL) for 16 MW of grid‑connected rooftop solar projects under the PM Surya Ghar scheme, contract value approx. ₹56.57 crore (ex‑GST) (BSE, 14 Jun 2026).
- 3 July 2026 – A ₹3.37 crore order (incl. GST) from Madhya Pradesh Paschim Kshetra Vidyut Vitaran (MPPKVVCL) for 11 kV and 33 kV fault‑passage indicators with SCADA integration and 5‑year AMC (BSE, 3 Jul 2026).
- 11 August 2026 – A ₹1.51 crore purchase order from Noida Power Company (NPCL) for 11 kV auto reclosers and sectionalizers, delivery by 30 October 2026 (BSE, 11 Aug 2026).
- 1–3 September 2026 – Letters of Intent totalling ₹214.27 crore from TP Southern Odisha and TP Western Odisha for three‑year HT/LT network maintenance and substation operational assistance (1 Oct 2026 – 30 Sep 2029) (BSE, 1 Sep 2026). On 3 September, a further ₹24.63 crore LOI from TP Central Odisha (TPCODL) for a similar three‑year maintenance contract (BSE, 3 Sep 2026).
- 22 September 2026 – A Letter of Award for ₹213.47 crore (incl. GST) from Marshal Enterprises for HT/LT loss‑reduction works under the RDSS scheme in Punjab, execution time 15 months (BSE, 22 Sep 2026).
- 24 September 2026 – A ₹4.68 crore Letter of Intent from UPNEDA for 2,500 units of 18 W solar street lighting systems with 5‑year warranty (BSE, 24 Sep 2026).
- 29 September 2026 – The Golden Temple solar order at ₹8.90 crore (BSE, 29 Sep 2026).
Note: some awards were announced in more than one filing; the numbers above reflect the disclosures as they appear in the cited documents. No attempt is made to aggregate or de‑duplicate across notices, as the filings do not provide a consolidated order‑book figure.
What the Q1FY27 numbers showed
Sugs Lloyd reported Q1FY27 revenue of ₹78.4 crore, up 32% year‑on‑year (BSE filing, 29 Jul 2026). Gross margin widened to 59.5%. Earnings per share dropped 3.7%, which the filing attributes to equity dilution and a rise in costs. On the 3 August 2026 concall, management reiterated a FY28 revenue target of ₹1,000 crore (BSE, 3 Aug 2026).
Promoter accumulation
Promoter and director Santosh Kumar Shah acquired 6,000 shares on 12 August 2026 (BSE, 14 Aug 2026) and a further 6,000 shares across 20–21 August 2026 (BSE, 24 Aug 2026), taking his holding from 0.676% to 0.702% after the August transactions. All purchases were open‑market trades on the BSE SME platform.
The filings describe a widening order intake that now covers solar projects, fault‑passage indicators, distribution network maintenance, and RDSS‑linked infrastructure works. The stated execution periods range from 70 days (FPI order) to three years (Odisha maintenance), with management’s FY28 ₹1,000 crore top‑line target remaining on the public record.
Alpha Inflection is research infrastructure, not investment advice. We are not SEBI-registered investment advisers. Everything above is compiled from public corporate filings, with sources cited. Do your own research.
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 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 |
| 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 | |
| 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?
- Sugs Lloyd (BSE: 544501) disclosed a Letter of Award from the Golden Temple, Amritsar on 29 September 2026 — a ₹8.90 crore, 2 MW AC ground-mounted solar power project with 10 years of comprehensive maintenance (BSE filing, 29 Sep 2026).
- What are the key numbers?
- Sugs Lloyd reported Q1FY27 revenue of ₹78.4 crore, up 32% year‑on‑year (BSE filing, 29 Jul 2026). Gross margin widened to 59.5%. Earnings per share dropped 3.7%, which the filing attributes to equity dilution and a rise in costs. On the 3 August 2026 concall, management reiterated a FY28 revenue target of ₹1,000 crore (BSE, 3 Aug 2026).
Research and educational content only. Not investment advice. Drafted from regulatory filings and published automatically — see our editorial policy.