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.

Sharika Enterprises Limited , a company specializing in smart grid solutions, has recently secured a significant contract from Ircon International Limited, a Government of India Undertaking. The contract, valued at Rs 9.92 lakh, involves the supply, installation, testing, and commissioning of a SCADA (Supervisory Control and Data Acquisition) integration system.

Contract Details

Project Significance

The SCADA integration system is set to be implemented at TCR Banihal for the operation of the existing switchyard of Tunnel T-80. This project highlights Sharika Enterprises' expertise in providing advanced technological solutions for infrastructure projects.

Company Disclosure

As per the regulatory requirements, Sharika Enterprises has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the contract involves domestic operations and that there is no interest from the promoter group in the entity awarding the contract.

This new order reinforces Sharika Enterprises' position in the smart grid solutions sector and demonstrates its capability to secure contracts from government entities. The successful execution of this project could potentially lead to more opportunities in the infrastructure development space, particularly in the implementation of advanced control and monitoring systems.