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 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.