Sugs Lloyd Secures ₹56.57 Crore Solar Project Order From NBPDCL; Shares Rise 5%

Mumbai, June 15: Sugs Lloyd has secured Letters of Award from North Bihar Power Distribution Company Ltd (NBPDCL) for rooftop solar projects with a combined capacity of 16 MW under the PM Surya Ghar Muft Bijli Yojana, the company said in an exchange filing.

The projects will be executed in Bihar’s Chapra circle under the CAPEX plus RESCO model. The total order value stands at around ₹56.57 crore, excluding GST.

Under the contract, Sugs Lloyd will handle the setting up of grid-connected rooftop solar systems along with related execution work. The projects are expected to be commissioned within nine months from signing of the power purchase agreement.

The agreement also includes a 10-year contract period from the commercial operation date, giving the company long-term operational revenue visibility. The order has been awarded by a domestic entity and does not involve any related-party transaction, the filing added.

The latest win comes as rooftop solar installations continue to gain momentum under the Centre’s PM Surya Ghar initiative, which is aimed at accelerating residential solar adoption across the country.

Stock Market Snapshot

Sugs Lloyd share price moved higher after the company announced the solar project win.

As of 9:46 AM IST on June 15, 2026, shares of Sugs Lloyd Ltd were trading at ₹121.80 on the BSE, up 5% from the previous close of ₹116.00.

The stock hit the upper circuit in early trade as investors reacted positively to the fresh order inflow and the company’s growing presence in the renewable energy segment.

Market participants also appeared encouraged by the long-duration nature of the contract, which includes operations under the RESCO framework for a decade.

The Sugs Lloyd share price has remained in focus alongside broader interest in companies linked to India’s solar and clean energy expansion.

Company Background

Sugs Lloyd Ltd is engaged in infrastructure and engineering activities and has been gradually expanding its footprint in the renewable energy sector.

The company has been participating in government-backed solar programmes, particularly in rooftop solar and distributed energy projects.

India’s rooftop solar segment has seen increased policy support over the past year, with utilities and private players scaling up installations under central schemes such as PM Surya Ghar and PM Kusum.

For engineering companies like Sugs Lloyd, such projects offer both execution opportunities and recurring income potential through long-term service arrangements.

Conclusion

The ₹56.57 crore rooftop solar order adds to Sugs Lloyd’s renewable energy pipeline and strengthens its position in the distributed solar segment.

With execution scheduled over the coming months and a 10-year operational component attached to the project, the contract is expected to support the company’s revenue visibility over the longer term.

Source:

• https://www.bseindia.com/stock-share-price/sugs-lloyd-ltd/sugslloyd/544501
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3905b56-2adf-45db-9b6f-a68bc6e3ba0e.pdf