This Newly Listed EPC Company Gains Over 5% Despite Market Crash; Secures Orders Worth Rs 63,90,00,000/-

On Monday, the broader Indian equity markets witnessed significant weakness, with the Nifty 50 falling by around 391.85 points, marking a decline of over 1.60 per cent. The index once again slipped below the 23,000 mark, reflecting bearish sentiment across the market.

Despite this downturn, Sugs Lloyd Ltd shares bucked the trend and surged over 5 per cent in early trade, supported by strong positive developments. As of March 23, 2026 at 09:27, the stock was trading at Rs 111, registering a gain of Rs 5.79 or 5.50 per cent compared to its previous close of Rs 105.21.

The rally in the share price was primarily driven by the company securing a major order. Sugs Lloyd Ltd has received a significant contract worth Rs 639.24 crore (including GST) from Konkan Railway Corporation Ltd.

The scope of the project includes the supply, installation, testing, and commissioning of plant contracts along with SCADA-DMS systems. As per the terms of the contract, the project is expected to be executed over a period of 24 months.

This order is considered transformational for the company and marks a strategic expansion of its Power Transmission and Distribution business. It also strengthens the company’s positioning with marquee government clients, enhancing its credibility and future growth prospects.

While commenting on the receipt of the new order, Mr. Santosh Shah, Chairman and Promoter of SUGS Lloyd Limited, said,

“This is a landmark order for SUGS Lloyd and a strong validation of our execution capabilities in large-scale EPC and smart grid projects. The size and nature of this contract significantly enhance our revenue visibility and mark an important step in our journey towards scaling the business.

This order not only strengthens our presence in the Power Transmission and Distribution business but also positions us to participate in larger opportunities going forward. We remain focused on disciplined execution, selective bidding, and maintaining financial prudence as we leverage this opportunity to drive sustainable growth.”

About Sugs Lloyd Ltd

The company is a leading EPC company engaged in Power T&D, Solar, and smart grid solution across India. Established in 2009, the company has evolved into a trusted partner for power infrastructure projects under schemes such as RDSS & IPDS. The company serves blue-chip clients including NTPC, Tata Power, Adani Renewables, Indian Railway and several state DISCOMs.

Sugs Lloyd Ltd Share Price Performance

Despite broader weakness in the market, Sugs Lloyd Ltd shares showed notable strength in today’s session. The stock was trading at Rs 111.00, up Rs 5.79 or 5.50 per cent from its previous close of Rs 105.21.

The stock opened higher at Rs 109.20 and continued its upward momentum to touch an Intraday high of Rs 114.14, reflecting strong buying interest even amid a subdued market trend.

Disclaimer: The article is for informational purposes only and not investment advice.