Shares of SUGS Lloyd gained on Wednesday after the company announced that it had received two Letters of Intent (LoIs) worth a combined ₹214.27 crore, including GST, from TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL).
The stock was trading at ₹219.50 on the BSE, up ₹7.10, or 3.34%, from its previous close of ₹212.40. The scrip opened at ₹217.40 and moved to an intraday high of ₹225.00 and a low of ₹206.60. Around 38,000 shares changed hands on the exchange during the session.
With the intraday high of ₹225.00, the stock touched a new 52-week high on September 2, 2026. Its 52-week low stands at ₹82.50, recorded on October 8, 2025. Over the past week, the stock has traded between ₹184.20 and ₹225.00.
The company currently has a market capitalisation of approximately ₹522.32 crore. As per the latest shareholding pattern, promoters hold a 70.54% stake, while institutional and non-institutional investors hold 1.62% and 27.85%, respectively.
SUGS Lloyd has received the first LoI, valued at ₹115.02 crore including GST, from TPSODL. The order covers 11 kV and low-tension (LT) network maintenance and allied works, along with maintenance of the 33 kV network and operational assistance for 33/11 kV substations operated by TPSODL.
The company has also secured a second LoI worth ₹99.25 crore, including GST, from TPWODL. The scope of work includes 11 kV and LT network maintenance and allied activities, 33 kV network maintenance, and operational assistance for 33/11 kV substations under TPWODL.
Both contracts are scheduled to be executed over three years, from October 1, 2026, to September 30, 2029.
The orders strengthen SUGS Lloyd’s presence in the power distribution and network maintenance segment and provide the company with a multi-year order opportunity across southern and western Odisha. The contracts are also expected to support the company’s ongoing focus on electrical infrastructure, network maintenance and allied power-distribution services.
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