SYNOPSIS: Sharika Enterprises secured two work orders worth Rs. 8.53 crore – Rs. 7.72 crore from UP Power Transmission for cable works and Rs. 80.85 lakh from DMRC for traction system installations.
Shares of a company in the business of management consultancy & project execution services in the power sector surged nearly 4 percent on Wednesday, after securing orders from UP Power Transmission Corporation Limited (a UP Government Undertaking) and Delhi Metro Rail Corporation Limited.
At 11:31 a.m., shares of Sharika Enterprises Limited were trading in green at Rs. 15.33 on BSE, up by around 2 percent, compared to its previous closing price of Rs. 15.02, with a market cap of Rs. 66.4 crores.
The stock has delivered negative returns of more than 19 percent in one year, but has gained by nearly 1 percent in the last one month.
What’s the News:
According to the latest regulatory filings with the stock exchanges, Sharika Enterprises Limited secured two orders worth a total of around Rs. 8.53 crores, both slated for completion within the next nine months.
The first order, valued at Rs. 7.72 crores, has been awarded from UP Power Transmission Corporation Limited (a Government of Uttar Pradesh undertaking).
The scope of work includes the design, detailed engineering, manufacture, supply of 132KV, 630 mm² single core aluminium conductor corrugated aluminium sheathed XLPE cables with accessories, along with cable laying, erection of joints & terminations and final testing and commissioning of the underground portion (~1.7 km) of the 132 KV DC Sonik-Sarain Katiyan/ Murtazanagar line (06 Cables) on a turnkey basis.
The second order, valued at nearly Rs. 80.85 lakhs, has been received from Delhi Metro Rail Corporation Limited (DMRC), a Joint Venture of the Government of India and the Government of Delhi. The contract involves the supply and installation of link boxes & cable outer sheath jacket (sleeve) in the traction department of DMRC.
Financials & More:
Sharika Enterprises reported a marginal decline in its revenue from operations, showing a year-on-year decrease of around 3 percent from Rs. 18 crores in Q1 FY25 to Rs. 17.52 crores in Q1 FY26.
During the same period, the company reduced its net losses by more than 32 percent YoY from Rs. 2.5 crores to Rs. 1.7 crores. Further, the company will announce its Q2 FY26 results on 14th November 2025.
Sharika Enterprises Limited is primarily engaged in the business of Management Consultancy & Project Execution services, primarily in the power sector for Indian and International Power Equipment Manufacturers. It has added trading of Electrical items, primarily comprising LED lights and other related products and components.
The company’s operations also include a composite range of activities comprising engineering, procurement, construction (EPC) and servicing, etc., of power plants and equipment.
Written by Shivani Singh
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