Sugs Lloyd Secures Major Government Projects in Bihar

Sugs Lloyd, an EPC services provider, has emerged as the lowest bidder for two government projects in Bihar, valued at over Rs 300 crore. The contracts cover power substation and power line installations. The company aims to expand its business and raise funds through an upcoming IPO.

Sugs Lloyd, a notable EPC services provider, announced on Monday its success in securing two substantial government projects in Bihar, with a total valuation exceeding Rs 300 crore.

The projects involve crucial tasks such as the supply, installation, testing, and commissioning of a power substation, along with high-tension and low-tension power lines, solidifying Sugs Lloyd's role in the region's infrastructure development.

The company's CEO, Satyakam Basu, expressed enthusiasm over being the lowest bidder for these pivotal projects. The firm is also weighing options to launch an IPO soon to bolster its business operations and address working capital needs.

(With inputs from agencies.)