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 announced the acquisition of two significant domestic supply contracts, bolstering its order book with projects valued at approximately Rs. 1.1 crore.

LS Cable India Contract

The company has secured a supply order from LS Cable India Private Limited for cable accessories suitable for 220 kV EHV Cable systems. The contract, valued at Rs. 68.20 lakh, is set to be completed within a 6-month timeframe.

NTPC Limited Project

In addition to the LS Cable India contract, Sharika Enterprises has also obtained a supply and service order from NTPC Limited. This project involves the supply, installation, and operation & maintenance of a 30 KWp Roof Top Hybrid Solar Plant at the Angul Collector Office. The contract is valued at Rs. 42.23 lakh and includes:

• A 9-month execution period for supply and installation
• A 5-year annual operation & maintenance contract

Contract Details

Both contracts have been awarded by domestic entities and do not involve any related party transactions. The company has confirmed that neither the promoter, promoter group, nor group companies have any interest in the entities awarding these contracts.

These new orders demonstrate Sharika Enterprises' capability in securing diverse projects in the power sector, ranging from high-voltage cable accessories to renewable energy installations. The contracts not only add to the company's revenue stream but also showcase its expertise in both supply and service-oriented projects.

As per the regulatory filings, Sharika Enterprises has duly informed the BSE Limited about these contracts in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.