SUGS Lloyd Limited secures Rs 213.48 crore order from Marshal Enterprises for Punjab infrastructure works

SUGS Lloyd Limited has received a Letter of Award (LOA) from M/s Marshal Enterprises for the execution of LT and HT Infrastructure Loss Reduction Works on a back-to-back basis under the RDSS Scheme in the State of Punjab. The order, originally awarded by PSPCL, carries a total value of Rs 213,47,86,468 (Rupees Two Hundred Thirteen Crore Forty-Seven Lakh Eighty-Six Thousand Four Hundred Sixty-Eight Only), inclusive of GST, and is expected to be completed within 15 months from the date of the LOA. The company confirmed that neither the promoter group nor any group companies have any interest in M/s Marshal Enterprises, and the order does not constitute a Related Party Transaction.