Synopsi:
Sharika Enterprises Limited has won a government contract from the Punjab Energy Development Agency (PEDA) to supply, install, and commission 12-watt SPV street lighting systems in Punjab. The project, valued at ₹38.91 lakh, is set to be completed within 119 days.
This company specializes in underground power transmission, smart grids, and renewable energy solutions and is now in focus after securing a government contract worth Rs. 38.91 lakhs.
With a market capitalization of Rs. 86 cr, the shares of Sharika Enterprises Limited are currently trading at Rs. 19.80 per share, increasing 5% in today’s market session making a high of Rs. 20.75, from its previous closing of Rs. 19.64 per share.
Fresh order
Sharika Enterprises Limited has secured a work order from the Punjab Energy Development Agency (PEDA) for the supply, installation, and commissioning of 252 LED-based 12-watt SPV street lighting systems across the state of Punjab. The contract, valued at ₹38.91 lakh, is slated for completion within 119 days.
This is a domestic government-backed project, and neither the promoters of Sharika Enterprises nor any related parties have any interest in PEDA. The order underscores Sharika Enterprises’ growing footprint in the renewable energy and solar infrastructure sector, reinforcing its capability to execute medium-scale government projects and paving the way for future opportunities in smart and sustainable urban lighting initiatives.
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About the company
Sharika Enterprises is a leading Indian company in power transmission and distribution, specializing in underground EHV cable systems, smart grids, and renewable energy solutions. With over 25 years of experience, the company delivers end-to-end solutions including cable installation, SCADA, telemetry, solar PV projects, and energy monitoring systems.
SEL has collaborated with marquee clients such as NTPC, NHPC, SECI, and PGCIL, and partners with global technology providers to offer innovative, reliable, and sustainable power infrastructure solutions across India and neighboring countries.
In the Q1FY26, the company reported sales of Rs. 17.5 Cr, slightly down 3% YoY from Rs. 18.0 Cr in Q1FY25. EBIDT has seen a decrease in loss to Rs. 1.13 Cr, from Rs. 2.01 Cr a year ago, while net profit also saw a decrease in loss to Rs. 1.68 Cr.
Written by Manideep Appana
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