Sharika Enterprises Receives Rs. 3.75 Crore Order from UPPTCL
Filing Summary
Sharika Enterprises Ltd has announced the receipt of an order from UP Power Transmission Corporation Limited (UPPTCL) for the design, manufacture, construction, and supply of 132kV underground cable lines. The contract is valued at Rs. 3,75,00,000 and is to be executed on a turn-key basis within nine months. This order does not involve any related party transactions, and there is no interest from the promoter group in UPPTCL. The disclosure complies with SEBI regulations and is part of Sharika’s ongoing business operations.
Sharika Enterprises Ltd has received an order from UP Power Transmission Corporation Limited (UPPTCL) for the design, manufacture, construction, and supply of 132kV underground cable lines. The order is valued at Rs. 3,75,00,000 and will be executed on a turn-key basis.
The contract is expected to be completed within a period of nine months. The order was awarded by a domestic entity, UPPTCL, which is a UP Government undertaking. There are no related party transactions involved in this contract, and the promoter or promoter group of Sharika Enterprises has no interest in UPPTCL.
UP Power Transmission Corporation Limited is a government undertaking focused on the transmission of electricity in Uttar Pradesh. It plays a significant role in the state’s power infrastructure development.
Sharika Enterprises Ltd is engaged in providing engineering, procurement, and construction services. The company focuses on delivering infrastructure solutions across various sectors, including power transmission and distribution. Sharika continues to expand its project portfolio through strategic contracts and partnerships.