Sharika Enterprises Limitedshare price hit 20 per cent upper circuit on Wednesday.
Sharika Enterprises Limitedhas announced that it has received a substantial purchase order from JSW Steel Limited for the supply and services of high-tension cables and accessories.
The contract, awarded by JSW Steel Limited, is valued at Rs 19,13,69,661/-. Under the terms of the agreement, Sharika Enterprises Limited will be responsible for the supply and services of 220 KV HT Cables and the supply of 33 KV Cable along with accessories. These materials and services are designated for JSW Steel Limited’s facility in Dolvi.
The contract is a domestic award and is classified as a Supply/Service Order. Sharika Enterprises Limited is expected to execute and complete the contract within a time period of 6 months.
About the Company
Sharika Enterprises Ltd, boasting a rich legacy of decades in the power sector with expertise in transmission and distribution, is committed to driving innovation and ushering in a transformative era in the industry. Their visionary goal is to evolve the sector into a futuristic ‘Smart Grid,’ harnessing state-of-the-art technologies and sustainable solutions. The company has also made remarkable strides in the solar power sector. Actively collaborating with governmental bodies, PSUs, schools, private sectors, and more, Sharika Enterprises has successfully implemented a large number of solar PV projects in the last 4-5 years. Their portfolio includes a range of pioneering solar solutions such as Grid-connected solar PV Systems, Off-Grid Solutions, Hybrid Solutions with Battery Backup, Battery Energy Storage Systems, EV Charging Systems, Micro Grids, Real-Time Monitoring of solar Plants and Solar Street Lights.