Sharika Enterprises Limited (SEL) has announced securing a new order worth Rs 7.73 crore from UP Power Transmission Corporation Limited (UPPTCL). This contract highlights the company's involvement in the power transmission sector and its ability to secure projects from major public entities.

Order Details

SEL has received an order from UPPTCL for a power transmission project. The contract involves design, detailed engineering, manufacture, and supply of 132KV cables along with accessories for underground power transmission infrastructure.

Project Specifics

• Cable laying
• Erection of joints and terminations
• Final testing and commissioning | | Project Length | Approximately 1.7 KM of 132KV DC Sonik-Sarain Katiyan/Murtazanagar line |

Client Background

UPPTCL is a state-owned power transmission company responsible for the transmission of electricity in Uttar Pradesh. The collaboration between SEL and UPPTCL indicates the trust placed in the company's capabilities by a significant public utility entity.

Corporate Governance

In line with regulatory requirements, SEL has confirmed that neither the promoters nor group companies have any interest in the contracting entity. This clarification ensures transparency and indicates that the contract is not a related party transaction.

Market Implications

This order from UPPTCL could have implications for Sharika Enterprises Limited:

1. Enhanced Portfolio: The contract adds to SEL's project portfolio in the power transmission sector.
2. Revenue Contribution: The order value of over Rs 7.73 crore may contribute to the company's revenue.
3. Sector Positioning: Securing a contract with UPPTCL may strengthen SEL's position in the power transmission infrastructure space.
4. Technical Expertise: The project, involving underground power transmission infrastructure, showcases SEL's technical capabilities.

Sharika Enterprises Limited has further strengthened its order book by securing an additional major contract from LS Cable India Private Limited, valued at Rs. 1.14 crore. This new order adds to the company's existing contracts worth Rs. 1.1 crore, demonstrating continued business momentum.

Latest LS Cable India Contract

The company has received a fresh purchase order from LS Cable India Private Limited for the supply of 24 FOPGW (Fiber Optic Ground Wire), valued at Rs. 1,13,52,000. This represents a significant addition to the company's revenue pipeline and showcases its established relationship with LS Cable India.

Previous Contract Portfolio

This latest order complements Sharika Enterprises' existing contract portfolio, which includes two previously announced domestic supply contracts totaling approximately Rs. 1.1 crore. The earlier contracts comprised a Rs. 68.20 lakh order from LS Cable India for cable accessories suitable for 220 kV EHV Cable systems and a Rs. 42.23 lakh supply and service order from NTPC Limited for a 30 KWp Roof Top Hybrid Solar Plant.

Cumulative Order Book Status

Regulatory Compliance

The company has confirmed that this contract does not involve any related party transactions, and neither the promoter, promoter group, nor group companies have any interest in LS Cable India Private Limited. Sharika Enterprises has duly informed BSE Limited about this contract in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The expanding order book, particularly the strengthened relationship with LS Cable India, positions Sharika Enterprises favorably in the power transmission and cable accessories segment. The company's ability to secure repeat orders from established clients like LS Cable India demonstrates its reliability and technical capabilities in the power sector infrastructure space.