Sugs Lloyd Ltd Receives Letters of Award from North Bihar Power Distribution Company for Solar Projects Worth Rs 56.57 Crores
Sugs Lloyd Limited has secured multiple Letters of Award (LOA) from North Bihar Power Distribution Company Limited (NBPDCL), a Government of Bihar undertaking. The contracts pertain to setting up Grid-Connected Rooftop Solar Projects in the Chapra Circle of NBPDCL, with an order value of Rs 56.57 crores excluding GST.The awarded projects involve establishing cumulative capacity for 16 MW Grid-Connected Rooftop Solar Projects within NBPDCL's operational area. These works are structured under a CAPEX plus RESCO mode within the Utility-Led Aggregation (ULA) model framework of the PM Surya Ghar -Muft Bijli Yojana (PMSG-MBY).
The company received the LOA information from North Bihar Power Distribution Company Limited via email on June 13, 2026.
Details regarding the awarded contracts and projects include:
| Particulars | Details |
|---|---|
| Entity Awarding Order | North Bihar Power Distribution Company Limited |
| Nature of Contract | Setting up cumulative capacity of 16 MW Grid-Connected Rooftop Solar Projects in the Chapra Circle of NBPDCL. |
| Project Model | CAPEX plus RESCO mode under Utility-Led Aggregation (ULA) model of PM Surya Ghar -Muft Bijli Yojana (PMSG-MBY). |
| Contract Type | Domestic Entity |
| Order Value (Excluding GST) | Rs 56.57 crores (Rupees Fifty-Six Crore Fifty-Seven Lakh Only approximate). |
Project Timelines and Scope
The awarded contracts stipulate specific timelines for execution. The commissioning period for the projects must be completed within nine months from the date of signing the Power Purchase Agreement (PPA). Furthermore, the contract period is set at 10 years commencing from the Commercial Operation Date (COD).Key details of the project and tender terms are as follows:
| Aspect | Details |
|---|---|
| Counterparty | North Bihar Power Distribution Company Limited |
| Order Value | Rs 56.57 crores (Excluding GST) |
| Execution Period | Commissioning within 9 months of PPA signing; Contract period is 10 years from COD. |
| Related Party Interest | The awarded contracts do not involve any interest from the promoter or promoter group in NBPDCL. |
Stock Price Movement
Sugs Lloyd Ltd settled on Friday at ₹116.00, edging higher after closing up 0.26%. The shares traded within a clear intraday range, moving between a low of ₹113.70 and a high of ₹117.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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