Sharika Enterprises Secures ₹40 Crore Orders, Expands Footprint in Power & Renewable Sector

Sharika Enterprises Ltd. has made headlines with a series of major order wins, collectively valued at approximately ₹40 crore, marking a significant leap in its business trajectory and strengthening its presence in the power and renewable energy sectors.

Key Highlights:

Major Order from JSW Renew Energy:
Sharika Enterprises received purchase orders worth ₹8.29 crore from JSW Renew Energy (Kar) Limited and JSW Renew Energy Three Limited. These contracts cover the supply, installation, and commissioning of underground cables for renewable energy projects at Kudaligi (Karnataka) and Lohara (Maharashtra), to be executed within 3-4 months. The projects aim to upgrade 33kV overhead lines to underground systems, enhancing reliability and supporting India’s clean energy goals.

Strategic Collaborations:
The company signed a memorandum of understanding (MoU) with Russia’s ENS for advanced grid monitoring solutions. This partnership grants Sharika exclusive rights to market ENS’s transformer monitoring and grid protection technology in India, with plans underway for local manufacturing to support the ‘Make in India’ initiative.

Expanding Client Base:
Sharika also secured contracts from major public sector undertakings, including NHPC Limited, POWERGRID Energy Services (a PGCIL subsidiary), and NTPC Limited, further diversifying its order book and reinforcing its leadership in turnkey electrical and infrastructure solutions.

Focus on Regulatory Compliance:
All recent orders have been disclosed in compliance with SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency and strong corporate governance.

Growth in Renewable Energy:
These wins underscore Sharika’s growing role in India’s renewable energy transition, leveraging its expertise in power transmission, underground cabling, and grid modernization.

With robust order inflows and strategic partnerships, Sharika Enterprises is poised for accelerated growth, solidifying its reputation as a trusted partner in India’s evolving power sector.

Source: Economic Times, Finance Saathi, SolarQuarter, Energetica India, T&D India