Sharika Enterprises Secures Rs 10.42 Crore Order for LED Street Lighting in Punjab
Sharika Enterprises Ltd has secured a significant work order from the Punjab Energy Development Agency, a state government undertaking, valued at Rs 10,42,38,292/-. The contract involves the design, supply, installation, and commissioning of 12watt LED based SPV Street Lighting Systems across the State of Punjab.The agency has awarded the work order to Sharika Enterprises Ltd for the aforementioned project. This domestic contract is set to be completed within a timeframe of 120 days.
Details regarding the contracted work are as follows:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Punjab Energy Development Agency |
| Nature of Contract | Work Order |
| Size of Contract | Rs 10,42,38,292/- |
| Scope of Work | Design, supply, installation, and commissioning of 12watt LED based SPV Street Lighting Systems in the State of Punjab |
| Time Period for Execution | 120 Days |
The contract is noted as a domestic entity awarding the contract. Furthermore, it has been confirmed that the contract does not constitute a related party transaction, nor do any promoter or promoter group companies hold an interest in the awarding agency.
Stock Price Movement
As of 10:14 AM, Sharika Enterprises Ltd shares are edging higher at ₹19.11, marking a +1.97% gain. The stock is trading completely flat, as its intraday high and low remain locked at the current price of ₹19.11.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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