Sugs Lloyd Ltd Secures Rs 3.37 Crore Order for Critical System Components from Madhya Pradesh Power Utility
Sugs Lloyd Limited has received a Letter of Award (LOA) from Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited for a project valued at Rs 3,37,31,718/- (Rupees Three Crore Thirty-Seven Lakh Thirty One Thousand Seven Hundred Eighteen Only). The contract involves the design, supply, installation, testing and commissioning of Fault Passage Indicators (FPI) and related services.The order was awarded by Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited, a domestic entity. Sugs Lloyd Ltd will be responsible for supplying and integrating 11 KV and 33 KV Fault Passage Indicators into the existing and upcoming SCADA-DMS/ADMS system at the Indore SCADA Control Centre.
The scope of work also encompasses providing communication infrastructure and includes a five year Annual Maintenance Contract (AMC). The company has been granted an overall period of 70 days from the date of receiving the Work Order to complete all aspects of the tendered project.
Key details regarding the contract are presented below:
| Aspect | Details |
|---|---|
| Entity Awarding Order | Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited |
| Nature of Contract | Design, Supply, Installation, Testing & Commissioning of 11 KV and 33 KV Fault Passage Indicators (FPI) along with integration to SCADA-DMS/ADMS system at Indore SCADA Control Centre. |
| Additional Scope | Includes 5 years AMC and communication infrastructure. |
| Total Order Value | Rs 3,37,31,718/- (including GST). |
| Project Timeline | Completion within 70 days of receipt of Work Order. |
The contract falls under the category of a domestic entity order. Furthermore, both Sugs Lloyd Limited and Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited confirmed that this order does not constitute a Related Party Transaction.
Stock Price Movement
At the close of trade today, shares of Sugs Lloyd Ltd settled at ₹125.55, ticking up 2.87%. The stock moved throughout the day within an intraday range, testing a low of ₹122.00 and topping out at a high of ₹127.00.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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