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.

Sharika Enterprises Limited has announced a significant development in its business operations. The company has secured a work order from the Punjab Energy Development Agency (PEDA), a Punjab Government Undertaking, for the supply, installation, and commissioning of solar photovoltaic (SPV) street lighting systems across the state of Punjab.

Contract Details

The work order, valued at Rs. 38.92 lakh, involves the following key aspects:

• Supply, installation, and commissioning of 252 SPV Street Lighting Systems
• Each system will feature 12-watt LED-based lighting
• Implementation across various locations in Punjab

Project Timeline and Scope

Sharika Enterprises has been given a tight timeline to execute this project:

• Completion period: 119 days
• The contract encompasses the entire process from supply to commissioning, ensuring a turnkey solution for PEDA

Strategic Implications

This contract win holds several strategic implications for Sharika Enterprises:

1. Government Sector Engagement: The project demonstrates the company's ability to secure contracts from government agencies, potentially opening doors for future collaborations.
2. Renewable Energy Focus: By participating in solar lighting projects, Sharika Enterprises is positioning itself in the growing renewable energy sector.
3. Local Market Penetration: The contract allows the company to strengthen its presence in the Punjab market, which could lead to additional opportunities in the region.

Corporate Governance and Transparency

In line with regulatory requirements, Sharika Enterprises has made the following disclosures:

• The contract is purely domestic in nature.
• There are no related party transactions involved in this deal.
• Neither the promoter nor the promoter group has any interest in PEDA, the entity awarding the contract.

This level of transparency aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and demonstrates the company's commitment to good corporate governance practices.

The successful execution of this project could potentially enhance Sharika Enterprises' reputation in the renewable energy solutions market and contribute to its revenue stream.