Sharika Enterprises Secures Order from NTPC for Solar Lights
Filing Summary
Sharika Enterprises Ltd has received an order from NTPC Limited for the supply, installation, commissioning, and annual maintenance contract of integrated solar street lights in the peripheral villages of NTPC Talcher. The total contract value is Rs. 1,77,16,200. The project is scheduled for completion within six months, followed by a five-year annual operation and maintenance contract. This order does not involve any related party transactions, and there is no interest from the promoter group in NTPC Limited.
Sharika Enterprises Ltd has announced the receipt of an order from NTPC Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order involves the supply, installation, commissioning, and annual maintenance contract of integrated solar street lights in the peripheral villages of NTPC Talcher. The total consideration for this contract is Rs. 1,77,16,200.
The contract is domestic in nature and is expected to be executed within a period of six months. Additionally, it includes a five-year annual operation and maintenance contract. There are no related party transactions involved, and the promoter or promoter group of Sharika Enterprises has no interest in NTPC Limited.
NTPC Limited is a leading power generation company in India, focusing on the development and operation of power plants. It is involved in various initiatives to enhance energy efficiency and sustainability, including the integration of renewable energy solutions.
Sharika Enterprises Ltd specializes in providing engineering solutions and services in the energy sector. The company focuses on expanding its portfolio in renewable energy projects and enhancing its service offerings in the power infrastructure domain.